š$BANANA / USDT Bull Run - Time to Ride The Wave!ā š
Current Price: $44.2724H Change: -2.12%Category: DeFi
Technical Analysis (4H Chart)
The $BANANA / USDT pair is showing a slight pullback after hitting a 24H high of $46.05. Currently trading at $44.27, the market appears to be cooling off from its recent rally, with minor profit-taking observed.
Key Levels to Watch
1ļøā£ Support: Immediate support is at $44.00 (24H Low). A breakdown below this level could see the price retracing toward $42.50 or lower.
2ļøā£ Resistance: Resistance is at $46.05. A breakout beyond this point could push the price toward the $47.50 mark and beyond.
Market Sentiment
Bullish Momentum: The pair is up 15.33% in the past 7 days, reflecting strong positive sentiment in the DeFi space.Bearish Pressure: Short-term weakness is evident, with a -2.12% decline in the last 24 hours, likely due to profit-taking.
Trading Opportunities
For Bulls: Look for a bounce from the $44.00 support zone or a breakout above $46.05 for continuation of the upward trend.For Bears: Watch for a breakdown below $44.00 to target lower levels for short trades.
š BANANA/USDT continues to gain attention in the DeFi sector. Stay alert for key price actions and volume surges to catch potential opportunities.
