$BANANAS31

📉 Analysis of BANANAS31/USDT - Sharp Collapse After a Rocketing Rise!

After a strong rise reaching a peak of $0.017468, the BANANAS31 coin entered a violent and rapid correction wave that dropped the price to $0.0088, with losses exceeding -45% in just 24 hours! 😱

📊 Technical Analysis:

The 7-day moving average (MA7) sharply broke downward, indicating the beginning of a downward trend.

The large red candle with huge trading volume confirms that there is a mass exit from the coin.

The price is now close to the 99-day moving average (MA99) at the level of $0.0076, which could be a temporary support.

📈 Is there a chance for a rebound?

The indicators show a strong state of overselling, which could provide a temporary rebound opportunity.

However, any entry now must be done with extreme caution and with a clear stop-loss.

📌 Tips for Traders:

If you entered from above, don’t chase the market; you might wait for confirmation of a reversal.

If you haven’t entered, keep an eye on the $0.0076 level as it could be a rebound area, but confirmation is necessary.

Act wisely; the market is very volatile right now and could continue to decline.

🟩 Current Buy Ratio: 54%

🟥 Sell Ratio: 46%

This means there is volatility and weak confidence from the market right now.

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📢 What do you think? Do you see BANANAS31 possibly rising again? Or is it still facing a decline?

Share your analysis in the comments! 👇

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