$BANANA

/USDT: Assessing Potential Bounce from Support Levels📈📊

Current Price: $46.10

24h Change: -6.55%

24h Range: $45.33 - $49.81

24h Volume: 86,475.40 BANANA / 4.11M USDT

Technical Snapshot 📊

1. Trend:

Bearish with a -6.55% drop over the last 24 hours, showing selling pressure.

Price is testing the lower end of the range near $46.10, with $45.33 as the immediate support level.

2. Key Support:

$45.33 (recent low)

$44.50 (strong support level)

3. Key Resistance:

$47.50 (immediate resistance)

$49.00 (next resistance level)

4. Indicators:

RSI: 42 (Neutral to slightly oversold, indicating potential for a reversal)

MACD: Bearish, suggesting the potential for continued downward pressure.

Volume: Relatively moderate, indicating consolidation or potential for a breakout.

Trade Strategy 🎯

Entry Zone: $45.50 - $46.10 (Look for stabilization or reversal signs near support)

Stop-Loss: $44.50 (Risk management)

Target Levels 🚀

1. 🎯 Target 1: $47.50 – Immediate resistance zone

2. 🎯 Target 2: $48.50 – Next resistance zone

3. 🎯 Target 3: $49.00 – Extended bullish target

Trade Tip:

As price approaches key support, look for confirmation of a potential bounce (e.g., bullish candlestick patterns or a volume surge). This could provide an opportunity for a short-term rebound before hitting resistance.

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