Technical Analysis for $BANANA

/USDT:🔥💥💯

Current Price: $41.83

24h Range: $37.39 - $43.64

Support Level: $37.39

Resistance Level: $43.64

Momentum: Bullish, slight upward trend with +0.02% change in the last 24 hours.

Indicators:

Relative Strength Index (RSI): Moderate (around 50-55) — indicating no overbought or oversold conditions.

Moving Average Convergence Divergence (MACD): Bullish crossover, indicating positive momentum.

Volume: Healthy trading volume with strong liquidity support.

Trade Signals & Targets:

Entry Point: $41.83 (current price) or slightly above $40.00 if a pullback occurs.

Target 1 🎯: $43.00

Reason: Near resistance level. A breakout above this point can lead to further price gains.

Target 2 🎯: $44.50

Reason: Next resistance zone after surpassing $43.00, supported by upward momentum.

Target 3 🎯: $46.00

Reason: Longer-term resistance if the trend continues and market conditions stay favorable.

Trade Momentum:

The market is showing bullish momentum, but caution is advised due to proximity to resistance. Watch for potential pullbacks for better entry points.

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