$BANANA /USDT Technical Analysis:
Current Price: $47.36
24h Change: +9.10%
Momentum: Bullish (Strong buying pressure)
The price is showing significant upward momentum, driven by high trading volume. It recently touched a 24h high of $47.47, indicating strong resistance near this level. If the price sustains above key support, further upside is expected.
Key Levels to Watch:
1. Resistance Levels:
Immediate Resistance: $47.50 (24h high zone)
Major Resistance: $49.00 (psychological level)
2. Support Levels:
Immediate Support: $46.00 (retracement level)
Major Support: $43.50 (24h low zone)
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Trade Signal:
Entry Zone: $47.10–$47.50
Targets 🎯:
1. Target 1: $48.30 (short-term breakout)
2. Target 2: $49.50 (mid-term resistance zone)
3. Target 3: $51.00 (potential psychological level)
Stop-Loss: $45.50 (below immediate support)
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Trade Momentum:
The market is showing bullish momentum on shorter time frames (15m and 1h), supported by increased volume. Traders should monitor resistance breakouts closely. If the price breaks above $47.50 with volume, the rally could accelerate toward $49+. However, failure to hold support at $46 could lead to a short-term pullback.
Recommendation: Focus on breakout trades with proper risk management. Confirm volume strength before entering.
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