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Recently, the price of Treehouse's token TREE has shown significant volatility. As an innovative project focusing on Decentralized Finance fixed income, TREE has attracted market attention through its unique DOR benchmark interest rate and tAssets combination.
However, after reaching a historical high of $1.32, TREE experienced a significant correction of over 60%. Currently, TREE's trading price hovers around $0.57, with a circulating market cap of approximately $89 million. Although the daily trading volume of the new coin remains active, the profit-taking pressure has led to a weaker trend.
It is worth noting that the entire Decentralized Finance sector has generally fallen by about 20%, and TREE's support level is currently in the range of $0.55 to $0.6. This oscillating situation may continue in the short term, lacking a clear one-sided trend.
For investors who intend to participate, it is essential to closely monitor market volatility. The current market environment poses significant risks, and new investors should proceed with caution, thoroughly assessing their own risk tolerance. At the same time, attention should also be paid to the long-term development prospects of the Treehouse project, weighing its innovative potential in the Decentralized Finance fixed income sector against the short-term uncertainties brought about by market fluctuations.