$BANANA - Price Analysis
Current price action remains bearish on the daily timeframe, but $BANANA is now sitting on a key demand zone (POC).
What to watch:
Short-term price action could remain volatile due to multiple resistances overhead.
The next key support lies at $16.40-$16.70. A test of this zone is possible and may present a strong long-term bottom.📉
Important levels and price channels are highlighted on my [H4 chart]; keep monitoring those ranges.
Summary:💡
The market is likely to remain choppy in the near term, but this demand area could serve as a solid base for a future recovery if buyers step in.
