💡 Quick technical analysis:
✅ Strong rise of +24.59%! The price rose from a low of 0.018789 to a high of 0.025434 within the same day, reflecting strong liquidity entry and sudden interest from buyers.
❗ Sharp correction after the peak! After reaching 0.0254, the price saw a strong correction towards 0.0225, but quickly recovered to 0.0239 – this shows that buyers are still present strongly.
📉 RSI at 42.49: The indicator has returned from overbought territory to mid-levels, indicating room for more upward movement without significant selling pressure.
📊 MACD has started to weaken! The indicator has slightly entered a negative zone, indicating that the upward momentum has lost some strength – but there is no clear breakdown.
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🚀 Expected scenario:
If the price manages to hold above 0.0235 and regain momentum, we may see a new attempt to break 0.0254, opening the way for levels of 0.0270 and possibly more.
However, if the recovery fails, the area of 0.0225 - 0.0216 will form a pivotal support – breaking it may push the price to test 0.0205 again.
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🔥 Important tips:
✅ Do not enter after a sharp rise unless the resistance breakout is confirmed!
✅ Watch the trading volumes – they are key to understanding the next movement.
Set the stop loss close in case the price drops ✅ below 0.0216.
✅ It's better to split the entry into phases (DCA) instead of buying all at once.
⚠️ My personal opinion: The upward wave was strong, and the correction is healthy and required… If the project maintains momentum, BANANAS31 may shine again soon! 🍌🚀
📢 Do you see it as a buying opportunity before the next launch? Share your opinion now!👇