📈 $BANANA Technical Analysis 🚨



Current Price: $49.85
Daily Change: -2.79%
24h Range: Low $49.21 | High $52.38

Chart Observations:

1. Triple Bottom Formation:
The chart shows a clear triple bottom pattern, a bullish reversal signal. This occurs when the price hits a support level three times, failing to break lower.

Bottoms are circled on the chart around $40–50 range.

This suggests strong buyer accumulation at this level.

2. Support & Resistance Levels:

Strong Support: Around $49–50

Key Resistance: $70–80 (previous highs)

3. Breakout Potential:
If the price sustains above $50 support and breaks past the $60 level, the next target could be the $80 zone, where the previous highs align.

Bullish Projection 📈

Based on this pattern and technical setup:

Short-Term Target: $60

Medium-Term Target: $80

A breakout from the triple bottom pattern could spark significant upward momentum, aligning with bullish price action expectations.

Recommendation:

Monitor closely for confirmation of the breakout above $50–$52 resistance zone. Volume spikes and consistent buying pressure will validate the upward move.

#MicroStrategyJoinsNasdaq100 #BTCNewATH #MarketNewHype #BTCNewATH #BinanceLaunchpoolVANA

Whats happening to the market what should I do
$BNB