Here's a technical analysis of Banana Coin (BANANA):

*Short-term (1-3 days)*

- Trend: Bearish

- Resistance: $0.3200

- Support: $0.2800

- Indicators:

- RSI (14): 43.21 (Neutral)

- MACD (12,26): -0.0103 (Sell)

- Bollinger Bands: Price is near the lower band

*Mid-term (1-2 weeks)*

- Trend: Neutral

- Resistance: $0.3500

- Support: $0.2500

- Indicators:

- 50-day MA: $0.3111

- 200-day MA: $0.4219

- Ichimoku Cloud: Neutral

*Long-term (2-6 weeks)*

- Trend: Bearish

- Resistance: $0.4200

- Support: $0.2000

- Indicators:

- 100-day MA: $0.3511

- 200-day MA: $0.4219

- Fibonacci Retracement: 61.8% retracement at $0.3842

Please note that technical analysis is subjective and should be used in conjunction with other forms of analysis and risk management techniques.

Some key points to consider:

- Banana Coin has been in a downtrend since October 2021.

- The RSI is in the neutral zone, indicating a potential bounce or continuation of the downtrend.

- The MACD is in the sell zone, confirming the bearish trend.

- The Bollinger Bands are contracting, indicating reduced volatility.

Keep in mind that technical analysis is not a guarantee of future price movements. Always do your own research and consider multiple sources before making investment decisions.#MarketDownturn #BinanceLaunchpoolTON #BlackRockETHOptions #SahmRule #Write2Earn!