Technical Analysis of $BANANA
/USDT🔥💯💯🚀
Current Price: $38.11
Trend: Bearish momentum with recent decrease of 0.65%, suggesting potential further downside unless bullish reversal occurs.
Support Zone: $36.23 (24h Low) – a key level to watch; a bounce here could lead to upward movement.
Resistance Zone: $39.24 – current high for potential breakout, if exceeded.
RSI: Neutral, showing no strong overbought or oversold conditions at the moment.
Trade Signal & Targets:
Entry Point: Buy around $38.10, with a potential pullback confirmation.
🎯 Target 1: $39.00 (first resistance, watch for rejection)
🎯 Target 2: $39.50 (break above first target opens a bullish short-term scenario)
🎯 Target 3: $40.00 (if strong momentum continues, marking a more significant bullish move)
Momentum: Bearish to Neutral (Could transition to bullish if price breaks key resistance of $39.24). Monitoring trade volume for confirmation of breakout.
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