### $BANANA Urgent Updates ###
Technical Analysis of BANANA
Launch Price: 40
High: 78 (almost 98% increase)
Current Price: 60 (correction phase)
Percentage Gain: Still above 50%
Analysis:
BANANA had a remarkable launch, surging almost 98% to reach a high of 78. This indicates strong buying pressure and bullish sentiment. However, the current correction phase has brought the price down to 60, which is still an impressive gain of over 50% from the launch price.
Trend: The overall trend is bullish, with BANANA showing significant upside potential.
Support: The launch price of 40 can act as support in case of a deeper correction.
Resistance: The recent high of 78 may pose resistance if BANANA attempts to break out again.
Recommendation: Traders may consider buying BANANA with a target of 80 (previous high) or 90 (next resistance level). However, it's essential to set a stop-loss at 50 to limit potential losses in case of a further correction.
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