The price of $BANANAS31 currently sits at 16.58 USDT, testing near-term support at 16.26 USDT.
The market structure appears to be ranging, with resistance at 17.05 USDT.
A breakout above this level could signal a buying opportunity.
However, macroeconomic events and Bitcoin's volatility may pose risks to upward momentum.
Trading volume of 860.671 suggests cautious interest; watch for shifts in sentiment.
