Guy's as I'm closely watching $BANANA /USDT Analysis Bullish Momentum Gaining Strength
Current Price: $41.38
#BANANA has surged 7.84% in the past 24 hours, reaching a high of $41.58 with strong bullish momentum. The price is holding above $40.66 support, signaling further upside potential.
Key Levels to Watch
Support Zones:
$40.66: Immediate support to sustain bullish momentum.
$39.61: A stronger support level to prevent downside.
Resistance Levels:
$41.58: Immediate resistance; a breakout could push prices higher.
$42.50: The next major resistance for extended gains.
Trade Ideas
For Bulls:
Entry: Look for pullbacks near $40.66 for long positions.
Targets: $41.58 (short-term) and $42.50 (next target).
Stop Loss: Below $39.61 to minimize risk.
For Bears:
Entry: Consider shorts only if #BANANA fails to hold $40.66.
Targets: $39.61 and $38.50.
Stop Loss: Above $41.60 for safety.
BANANA/USDT is in a strong uptrend; monitor for a breakout above resistance to confirm continued bullish momentum. Trade wisely...