Treehouse Price Prediction: TREE Plummets 52% On Airdrop Sell-Offs After Launch, But This SPX Rival Goes Parabolic In Presale

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Treehouse price
Treehouse price

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The Treehouse price plummeted 52% in the last 24 hours to trade at $0.5725 as of 8:55 a.m. EST as investors dump the crypto on the market. 

That steep drop in the TREE price came as investors took profits after launch and an announcement by Binance of an airdrop.

Treehouse Price Consolidates, What’s Next?

TREE Chart Image

15-minute chart for TREE/USD (Source: GeckoTerminal)

The Treehouse price has entered into a short-term consolidation between $0.5539 and $0.5895 in the last couple of hours, data from GeckoTerminal shows. This could either be a brief pause before the crypto enters another leg down, or it might be the early start of an upcoming bullish reversal following the steep selloff. 

A break below the nearest support level at $0.5539 could trigger the next wave of extreme sell pressure. It might also lead to a price discovery phase to the downside.

On the other hand, in a more optimistic scenario, traders identifying the current Treehouse price as a buy opportunity could lead to a test of the upper boundary of the sideways channel at $0.5895. Breaking above this resistance could then be seen as a long entry by the market, which might push TREE to as high as $0.6284 in the short term.

Technicals Suggest The Treehouse Price Could Go Either Way

Technical indicators on the 15-minute chart, such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI), suggest traders are indecisive, but also indicate the Treehouse price could go either way in the next couple of hours. 

Those technical indicators do, however, lean bearish, but this could just be the aftermath of the extreme sell off.

The RSI line has leveled off in the high 30s. This is not quite at oversold territory (an RSI reading of 30 or below), warning that there is still room for TREE to fall before it enters these overextended conditions.

Meanwhile, the MACD and MACD Signal lines are positioned at almost identical levels. Looking at just this indicator suggests that momentum can easily be swayed in either bulls’ or bears’ favor. 

MACD Histogram bars are currently positive, which could be a sign of slight bullish momentum. However, the bars’ values are decreasing. If these drops continue, it could result in a bearish crossover of the MACD and MACD Signal lines. 

As the Treehouse price tries to recover from the strong selloff, investors are piling into the presale for a new meme coin called TOKEN6900 (T6900). According to popular YouTuber Jacob Bury, who has over 56.9K subscribers, T6900 could soar 10X after launch. 

A Meme Coin With No Big Promises

Numerous meme coins with higher levels of utility than their lighthearted predecessors have launched in the last couple of weeks. This was in direct response to industry leaders who have called for more useful projects. However, that complete lack of utility, coupled with community focus, was what made the meme coin space so popular.

TOKEN6900, a new project looking to overtake SPX6900, aims to take the meme coin space back to its roots. The project has made it abundantly clear that it stands for nothing, and is a pure meme coin play that could attract the attention of true degen traders and investors.

The project doesn’t track GDP, oil reserves, or corporate earnings. It also doesn’t claim to have cutting-edge tech or the next AI breakthrough. Instead, it rides what it calls “vibe liquidity,” which is the combination of irony, delusion and the collective brain rot in the market.

Besides its high levels of meme coin appeal, another differentiating factor is TOKEN6900’s complete transparency. 80% of the token’s supply has been allocated towards the project’s public presale. Additionally, the team has a tiny allocation of less than 0.1%, which is also locked up for 5 years.

There are also no behind-the-scenes VC deals, so investors can rest assured that there are no insiders with massive holdings waiting to dump on them as soon as the token launches.

TOKEN6900 Presale Goes Parabolic

Investors don’t seem to be bothered with TOKEN6900’s complete lack of utility, and have already pumped over $1.4 million into its ongoing presale. 

Interested investors can purchase T6900 for $0.006775 apiece using either crypto or bank card via the simple widget embedded on the project’s website. 

Once purchased, tokens can also be staked for a 42% APY.

Anyone looking to buy will want to act fast, because the meme coin’s presale has an end price of $0.007125. With the next presale price hike about 39 hours away, time is ticking to get in at this ground level of the project. 

Check out T6900 on its official website. 

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