$BANANA /USDT Technical Update - Testing Key Support Levels

Current Price: $40.49 (-5.53%)

Key Highlights:

24H High: $43.64

24H Low: $37.39

Volume: 179,781.19 BANANA

Technical Overview:

$BANANA/USDT is experiencing a correction after reaching the 24H high of $43.64. The price is currently trading near the 7 EMA ($40.58) and 25 EMA ($40.45) but remains below the 99 EMA ($41.76), indicating short-term bearish pressure.

Support Levels: $40.00 | $39.50

Resistance Levels: $41.00 | $41.80

What’s Next?

If $BANANA holds above the $40.00 support, it could bounce back to test the $41.00 resistance. However, a failure to hold this level might lead to a retest of $39.50 or lower.

Strategy:

Consider entries near $40.00-$40.50 with targets at $41.50 and $42.00. Use a stop-loss at $39.00 to manage downside risks.

Observation:

The price is attempting to stabilize after a steep drop. Sustaining above $40.00 with rising volume could signal a potential reversal.

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