Technical Analysis: $BANANA

/USDT

Current Price: $54.94 (-12.25%)

The market is experiencing a correction after hitting a 24h high of $63.20. However, this dip presents potential trading opportunities. Let's dive into the key levels:

🎯 Target 1: $57.50

A minor resistance level. Breaking above this could signal a short-term recovery. Traders can consider a quick entry here for scalping opportunities.

🎯 Target 2: $60.00

A crucial psychological level. If the price consolidates above $60, it could indicate the return of bullish momentum.

🎯 Target 3: $63.20

The 24h high. Achieving this target will confirm the upward trend and open doors to further gains, possibly breaking into a new range.

Support: $53.92 remains a strong support zone. If this level holds, the bulls might regain control.

Strategy Tip: Watch for volume spikes and RSI divergence for confirmation. Always manage your risk and set stop-loss accordingly!

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