📈 BANANA Made a New All-Time-High: Should You Invest Today?
Banana Gun (BANANA), a Telegram bot designed to assist users in purchasing tokens on the Ethereum Network saw a massive bullish move yesterday. It crossed its major hurdle of $60 and mrking a new ATH of $75.73.
Fueled by the sharp volume surge of over 1436%, a speculative move was observed which came after the Binance listing news. Interestingly, the token was in an uptrend and made a rounding bottom formation on the chart.
Meanwhile, after three months of range bound moves and bulls’ multiple attempts to cross the $60 mark hurdle. This time, the sellers failed to secure the cluster and a new ATH mark was marked.
Per the recent breakout, a long bullish marubozu candlestick observed on the daily chart accompanied with a massive volume spike, signifying the accumulation and willingness to deliver the follow on gains ahead.
Unless the token moves below the $60 mark, the breakout rally would intact and further upswings could seen. On the upside, the bulls are to reach the $100 mark this month.
🔸 How is BANANA Performing Right Now?
At press time, BANANA price traded at $68.70 with an intraday surge of 20.79%, reflecting bullish momentum on the chart. It has a monthly return ratio of 47.20% and 437.20% yearly, reflecting a long uptrend.
BANANA/BTC is at 0.00107 BTC, and the market cap is $178.11 Million. Analysts are neutral and suggest that the BANANA price may resume the bullish wave and could reach the $100 mark soon.
Notably, it ranked 248 and has a total supply value of 8.90 Million, while the fully diluted market cap is $611.47 Million.
🔸 Should You Buy BANANA at the Top?
Amidst the consistent uptrend and a new ATH, buying momentum was intact with more upside was on the horizon. Buyers remain strong and are set to stretch the breakout rally toward the $100 mark soon.
