BANANA/USDT Eyes $50 Breakout
$BANANA
Current Price and Moving Average (MA):
BANANA/USDT is trading at $48.36, above the 200-MA of $40.78, signaling a bullish trend.
RSI & MACD Analysis:
The RSI at 61.40 suggests healthy bullish momentum without overbought pressure. The MACD shows a positive crossover with increasing bullish momentum, supporting further upward movement.
Support & Resistance:
Key resistance lies between $49-$50. If broken, targets could extend to $55 or $60. Support is strong around $40-$42, which will be tested if the price faces rejection.
Scenarios:
Bullish: Break above $50 could lead to $55-$60.Bearish: Rejection at $50 could lead to a drop towards $42, or further to $35 if the 200-MA is breached.
