Cathleen Brinegar RGnC
--
Bullish
#BinanceAlphaAlert 🚀 Technical Analysis for $BANANA
/USDT on Binance 📊
Current Price: $42.99 (+2.53%)
24h Range: $40.16 - $44.11
Volume: 103,639.55 BANANA / $4.35M USDT
Technical Overview:
The BANANA/USDT pair shows bullish momentum with the price holding above key moving averages:
MA(7): $43.13
MA(25): $42.41
MA(99): $41.71
This indicates a strong upward trend, with short-term momentum surpassing the longer-term averages.
🎯 Price Targets:
1️⃣ Target 1: $44.50
Based on the 24h high, breaking this resistance could confirm continued bullish momentum.
Traders may aim to take partial profits here.
2️⃣ Target 2: $47.00
A key psychological and technical level derived from Fibonacci retracements and recent price consolidation zones.
Breaking this target could lead to a significant surge in volume.
3️⃣ Target 3: $50.00
A round number acting as a psychological resistance and a major milestone for bullish traders.
Could trigger heavy buying pressure if achieved.
Support Levels:
$42.00 (MA-25) – Immediate support.
$40.00 (24h low) – Key area to watch if the trend reverses.
⚠️ Note: The market remains volatile. Always set stop-loss orders and manage your risk effectively. Trade responsibly!
📈 Follow Binance for more updates on BANANA/USDT.
/USDT on Binance 📊
Current Price: $42.99 (+2.53%)
24h Range: $40.16 - $44.11
Volume: 103,639.55 BANANA / $4.35M USDT
Technical Overview:
The BANANA/USDT pair shows bullish momentum with the price holding above key moving averages:
MA(7): $43.13
MA(25): $42.41
MA(99): $41.71
This indicates a strong upward trend, with short-term momentum surpassing the longer-term averages.
🎯 Price Targets:
1️⃣ Target 1: $44.50
Based on the 24h high, breaking this resistance could confirm continued bullish momentum.
Traders may aim to take partial profits here.
2️⃣ Target 2: $47.00
A key psychological and technical level derived from Fibonacci retracements and recent price consolidation zones.
Breaking this target could lead to a significant surge in volume.
3️⃣ Target 3: $50.00
A round number acting as a psychological resistance and a major milestone for bullish traders.
Could trigger heavy buying pressure if achieved.
Support Levels:
$42.00 (MA-25) – Immediate support.
$40.00 (24h low) – Key area to watch if the trend reverses.
⚠️ Note: The market remains volatile. Always set stop-loss orders and manage your risk effectively. Trade responsibly!
📈 Follow Binance for more updates on BANANA/USDT.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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