Market Overview for Treehouse (TREEUSDT)

• Treehouse rallied 8.9% on the 24-hour 15-min chart, closing above key resistance at 0.3700.
• Volume surged to $774,209.4 at 12:30 ET, confirming a potential short-term bullish breakout.
• RSI reached 62 at session peak, suggesting momentum remains strong but not overbought.
• Bollinger Bands widened overnight, signaling increased volatility and possible trend continuation.
• A bullish engulfing pattern formed around 0.3670, reinforcing the case for a 0.3800 target.

Treehouse (TREEUSDT) opened at 0.3662 on 2025-08-16 at 12:00 ET, reached a high of 0.3794, a low of 0.3621, and closed at 0.3756 on 2025-08-17 at 12:00 ET. Total volume across 96 15-minute candles was 8,129,109.3, while notional turnover (amount × price) reached approximately $2.99 million.

Structure & Formations

A clear bullish bias emerged as price broke above the 0.3700 psychological level and pushed to a new 24-hour high of 0.3794. A bullish engulfing pattern formed at 0.3670-0.3694, suggesting accumulation after a brief dip to 0.3650. Key support levels appear at 0.3650 (tested twice) and 0.3621 (initial low).

Moving Averages

On the 15-minute chart, the 20-period and 50-period SMAs were crossed during a sharp rally between 05:00 and 06:00 ET, confirming a short-term uptrend. For the daily chart, the 50- and 100-period SMAs suggest an upward bias, with price above both.

MACD & RSI

The MACD crossed into positive territory at 06:30 ET and remained above the signal line, reinforcing bullish momentum. RSI peaked at 62 near the session high but avoided overbought levels, suggesting the rally may have room to extend.

Bollinger Bands

Bands expanded overnight as volatility increased, with price pushing near the +1σ level during the 07:00–08:00 ET period. This suggests heightened buying pressure and potential continuation above 0.3794.

Volume & Turnover

Volume spiked to 774,209.4 at 12:30 ET as price pulled back to 0.3721, indicating strong interest near the 0.3720–0.3740 range. Turnover aligned with volume, showing no signs of divergence.

Fibonacci Retracements

The 0.3621–0.3794 swing shows 0.3744 at the 61.8% retracement level, currently acting as a consolidation zone. A close above 0.3794 could target the 127% extension at 0.3915, though a pullback to 0.3700–0.3720 may offer a re-entry opportunity.

Treehouse appears to have momentum on its side, with volume and price action aligning with a breakout trade. Traders may watch for a retest of the 0.3720–0.3740 range, with a possible 0.3800+ target in sight. However, volatility remains elevated, and a drop below 0.3680 could negate the short-term bullish case.