#BANANAS31 price rallies 31.73% to $0.02042 with a market cap rising from $155M to $203M in the past 24 hours. 🚀

Derivatives activity spiked, with open interest for perpetuals rising by +39.52% in the past day, creating speculative demand — +203% surge in 24h trading volume ($152M). 🔥

Technical Analysis 📊

➡️ The BANANAS31/USDT chart shows a strong bullish momentum, currently trading within an ascending channel. The price recently broke above mid-line of the channel with strong volume, indicating a continuation of the uptrend.

➡️ The RSI is in the overbought zone at 86.69, signaling strong buying pressure, though a short-term pullback is possible. The MACD is bullish with a widening histogram, supporting further upside.

➡️ Immediate support lies around $0.0188, while resistance is near $0.0244. If the bullish momentum sustains, the next target is around $0.027–$0.031 in the short term.