🚀 $BANANA /USDT Technical Analysis & Trade Signal 🎯

Current Price: $44.55

Price Change: -0.62%

24h High: $46.05

24h Low: $44.00

24h Volume (BANANA): 63,482.02 BANANA

24h Volume (USDT): 2.86M USDT

🔍 Key Support & Resistance Levels:

Support:

$44.00: Immediate support level where the price has recently bounced.

$43.50: A secondary support level to watch if the price drops further.

Resistance:

$46.05: Immediate resistance level. A breakout above this could signal further upside.

$47.00: A higher resistance to keep an eye on for bullish continuation.

📊 Momentum Indicators:

RSI: The RSI is approaching neutral territory, indicating a balanced market with room for both upward and downward movements.

MACD: Mildly bearish, but no significant signal of a reversal just yet.

Volume: 2.86M USDT traded in the last 24 hours, suggesting decent liquidity.

💡 Trade Signal & Target Levels 🎯:

Bullish Scenario (Long Position):

Entry: If the price breaks above $46.05.

Stop Loss: Place stop loss just below $44.00 (support level).

Target Levels:

T1: $47.00 (next resistance)

T2: $48.00 (higher resistance)

T3: $50.00 (psychological resistance)

Bearish Scenario (Short Position):

Entry: If the price falls below $44.00.

Stop Loss: Place stop loss just above $46.05 (resistance level).

Target Levels:

T1: $43.50 (secondary support)

T2: $42.00 (further downside)

T3: $40.00 (lower support zone)

🚀 Trade Momentum:

The market is showing slight bearish momentum with a -0.62% price change in the last 24 hours. However, a breakout above $46.05 could trigger a bullish rally, while a drop below $44.00 might signal a further decline.

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