$TREE just printed leg 5 — $0.0605 closed, fresh high $0.0615.
The fourth leg was the 08:00 UTC bar: $0.0451 → $0.0496 high → $0.0467 close on $2.23M, the biggest hourly bar of the move at the time. It lasted one hour.
The fifth leg came at 09:00 UTC: $0.0468 → $0.0607 → $0.0605 close on $2.88M of quote volume — a new biggest hourly bar, +29% inside a single candle, closed 22% above the $0.0496 ceiling it was supposed to test. The forming 10:00 UTC candle tagged $0.0615, a fresh high for the whole saga, and has already dipped to $0.0579. Live $0.0594, +53.5% in 24h on $9.57M Binance volume.
The numbers that matter: rank #1258, market cap ~$9.2M. Genuinely micro. Global 24h volume $92.6M = roughly 10x the entire market cap changing hands in a day. Only 156M of 1B tokens circulating (15.6%) — the worst unlock overhang I covered this week. Chart: 1h RSI 81.5, price 27% above EMA20 $0.0461 / EMA50 $0.0425. And -95.7% off its $1.36 ATH for a reason.
Honest disclosures, both sides:
1) No verified fresh catalyst. Search returns quote pages, gainers lists and prediction spam only — the only real headline around is still Coinbase suspending TREE trading back on Aug 6, two months stale and a negative, not a driver. This is a no-headline vertical.
2) Every leg of this saga so far has been flow, not news — and the grind it launched from was ~$0.040 all day Oct 23. That is a long way down from here.
Levels I'm watching:
• Ceiling: $0.0615 (fresh high — an hourly close above with volume = a sixth leg)
• Line: $0.0496 (broken ceiling — an hourly close back below = leg 5 failing)
• Shelf: $0.0459, base $0.0377 (full round-trip ≈ -36% from here)
Not a call. These small caps wreck accounts on exactly this moment — the vertical candle is the ad, the give-back is the product. Watch the levels, not the candle.
Does $0.0615 print a sixth leg, or does $0.0496 give way first?