Treehouse/Tether (TREEUSDT) 24-Hour Market Overview

Summary
• Treehouse/Tether (TREEUSDT) fell from 0.1453 to 0.1448 in 24 hours amid moderate volume.
• A bullish reversal pattern formed after 20:30 ET, pushing price toward 0.1528, the highest of the day.
• Volume spiked in the early morning, aligning with the price recovery, but remains below key resistance.
• RSI showed overbought conditions near 0.1528 but failed to confirm a strong breakout.
• Bollinger Bands widened in the last 8 hours, signaling increased volatility ahead.

Treehouse/Tether (TREEUSDT) opened at 0.1453 on 2025-11-04 at 12:00 ET and traded as high as 0.1528 before closing at 0.1448 at 12:00 ET on 2025-11-05. The 24-hour volume was 18.13 million TREE, with total turnover reaching $2.65 million. The price action featured a key bullish reversal after a sharp drop to 0.1432.

Structure & Formations

Price action from 20:30 to 03:00 ET displayed a clear bullish engulfing pattern, particularly visible between 0.1415 and 0.1528. A 20-period EMA at 0.146 and a 50-period EMA at 0.1455 suggest the short-term bias is neutral to slightly bullish. On the daily chart, the 50-period SMA sits at 0.144, acting as a key support level.

Moving Averages

Short-term momentum is mixed. While the 20-period EMA has crossed above the 50-period line, the 50-period EMA remains flat and may act as resistance at 0.145–0.146. The 100-period and 200-period SMAs, at 0.143 and 0.141 respectively, may offer a floor if bears regain control.

MACD & RSI

The 12:00 ET close saw an RSI of 54, suggesting balanced momentum. MACD was slightly positive at 0.0003, with the signal line at 0.0001. The divergence between rising price and flat MACD may indicate waning upward momentum unless a breakout above 0.1528 occurs.

Bollinger Bands

Bollinger Bands widened significantly between 02:00 and 04:00 ET, as price traded between 0.1502 and 0.1556. The most recent close at 0.1448 sits within the lower half of the band, indicating a possible continuation of consolidation or a retest of support.

Volume & Turnover

Turnover spiked near 0.1528 with a 15-minute volume of 458,509.8 TREE, the highest of the day. This aligns with the price recovery, suggesting accumulation rather than distribution. However, volume has not yet confirmed a breakout above 0.1528.

Fibonacci Retracements

A key Fibonacci retracement level at 0.146 (38.2% of the 0.1432–0.1528 move) appears to have been tested multiple times. A break above 0.1514 (61.8%) could open the path toward 0.155. Conversely, a drop below 0.1432 (61.8% of the prior bearish swing) could signal renewed bearish momentum.

Backtest Hypothesis

The 1-day Bullish Engulfing backtest using closing prices and a max holding period of one day provides a context for interpreting the candlestick reversal on 2025-11-04 at 20:30 ET. While the pattern historically has shown mixed results, it is most effective in low-volatility environments with strong support levels in place. In this case, the pattern coincided with a 12.5% price rebound, suggesting it could have generated a positive return over the next 24 hours. However, the lack of follow-through volume and momentum indicators like RSI and MACD weaken the signal, highlighting the importance of confirmation in such strategies.