**Technical Analysis Report: $BANANA/USDT**The $BANANA/USDT pair is currently trading below the 200-day moving average, indicating a bearish trend in the medium to long term. The recent price action has seen $BANANA failing to break above key resistance levels around $1.20, suggesting strong selling pressure. The Relative Strength Index (RSI) is hovering around 40, indicating that the asset is in the lower end of the neutral zone but not yet oversold, which could suggest further downside potential.The MACD indicator is showing bearish momentum with the MACD line below the signal line and both trending downward. Support is currently found at $0.85, a level that has held in the past. However, if $BANANA fails to hold this support, the next significant support level lies around $0.70. Volume analysis shows decreasing trading volumes, signaling weakening buying interest. If $BANANA can break above the resistance at $1.20 with strong volume, it may signal a reversal to the upside. Otherwise, the overall outlook remains bearish, with traders advised to exercise caution.#BinanceBlockchainWeek #MACD #USDTfree #VOTEme
