ð¡ Quick technical analysis:
ð» Sharp drop after a violent explosion!
The price reached $0.073974 as the highest level in 24 hours, before quickly dropping to $0.027772, with a decline of -18.38%! This reflects a strong profit-taking wave after a massive liquidity injection.
â ïž RSI is very low!
The Relative Strength Index (RSI) is at 32.82 â this is very close to the oversold area, meaning the price may be poised for a strong bullish rebound soon.
ð MACD is negative but slowing down the decline!
The MACD is still in the negative zone, but the difference between the lines has started to narrow, indicating the possibility of a bullish reversal if conditions align.
ð Volume previously inflated, but now relatively weak
The previous candles showed a massive explosion in trading volume â this means that big investors might have entered and exited quickly. But the current calm could be a setup for a second surge!
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ð Expected scenario:
ðŒ If the price returns above $0.0403, it will be a strong signal for the potential of a new rise towards $0.052 â $0.064.
ðœ If the price loses support at $0.0258, it may retest the $0.016 â $0.018 areas.
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ð¥ Is BANANAS31 ready for a strong comeback?!
Coins that explode like this and successfully absorb the sharp correction often rise suddenly â but on the condition of new liquidity entering, and a positive reversal in MACD and RSI.
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ð§ Important tips:
1. â ïž Do not enter now before confirming the reversal â RSI and MACD are still not fully aligned.
2. ð Set a strict stop-loss below $0.025 to avoid free fall.
3. ð Consider gradual entry (DCA) instead of a full entry all at once.
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ð¢ Share your opinion!
Do you think BANANAS31 will retest the previous peak? Or will the fall continue? ðð
