Where is it going!!! 😂😂👇
The price of Banana For Scale (BANANAS31) increased by 139% in 24 hours thanks to the momentum of memecoins following Bitcoin's new all-time high, technical breakout signals, and the liquidity generated by exchanges.
1. Bitcoin's all-time high boosted demand for high-risk memecoins.
2. The technical breakout above key levels generated fear of missing out (FOMO).
3. The record volume (+89% in 24 hours) confirmed speculative interest.
#FOMCWatch The spike of BANANAS31 reflects the euphoria of memecoins driven by Bitcoin, technical breakouts, and liquidity in exchanges, but an RSI above 88 warns of possible short-term exhaustion. Will traders rotate their profits into higher-cap cryptocurrencies while Bitcoin consolidates, or does the rise of the memecoins still have room to grow?