$BANANA Trading Analysis 🍌📈

🚨 Current Price: $46.69 USDT

Recent Movement: BANANA has shown a strong upward momentum, evident from the green candles in the 4-hour chart. It has rallied from a low of $40.58 to a high of $47.39 over the last 24 hours.

Volume Analysis:

24H Volume (BANANA): 394,051.01 BANANA

24H Volume (USDT): $17.62M

🔍 Technical Analysis:

Resistance: The next key resistance is at $47.39, which was the 24-hour high.

Support: The recent low of $40.58 serves as the current major support.

📊 Prediction: If BANANA maintains its bullish trend and breaks above the $47.39 resistance, it could test higher levels towards $48.00. Conversely, a dip below the $40.58 support might indicate a short-term pullback, possibly retesting lower supports around $40.00.

Strategy:

Long Trade: Consider entering above $47.39, targeting $48.00 and beyond, with a stop loss around the $46.00 mark.

Short Trade: Should it drop below $40.58, consider short positions targeting $40.00, placing a stop loss slightly above $41.00.

💡 Market Sentiment: Bullish with cautious optimism advised for potential resistance retests.

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