I’m turning bullish on
$BANANAS31 after looking at the broader structure.
The chart shows a long consolidation phase after that massive blow-off spike toward $0.0828, and when a token survives a move like that without dying completely, it often means the liquidity and community are still alive underneath.
Right now, price is hovering in the $0.0041 region, which sits right inside a tight accumulation band that has held for weeks.
What makes this range interesting is how compressed it has become. The moving averages are flattening and hugging price closely, something that usually hints at a volatility expansion.
Tokens with a history of explosive wicks tend to repeat that behaviour when the market conditions line up, and BANANAS31 clearly has that DNA.
Add to that the extremely thin orderbook on both sides small liquidity pockets that can fuel fast upside bursts if buyers gain momentum.
Another point that strengthens the bullish argument is the psychological level near $0.01. This zone becomes the first meaningful resistance on the way up, and if price manages to flip that area, momentum traders and algos will likely step in.
From there, the next notable region sits around $0.02–$0.03, which aligns with earlier structural interactions on the chart. A full revisit to the previous peak obviously requires major volume, but even a partial retracement offers solid upside potential.
Of course, this remains a high-risk speculative asset, so proper risk control is essential. I’ll be longing this from the consolidation zone with measured position sizing and a clear invalidation level below the lower accumulation wick.
The asymmetric setup is attractive: limited downside with potential for sharp upside if volatility returns.
I’ll be taking my long and letting the trade run if momentum confirms.
I had previously longed and Exited at a Good profits.
#banana #BullishMomentum #CryptoAnalysis #pumpingsoon