Why has the price of BANANAS31 dropped?
The 16.6% drop in the price of BANANAS31 over 24 hours reflects profit-taking after a parabolic rise, overbought technical indicators, and a shift in capital flow towards Bitcoin.
1. Profit-taking after a 67.6% rise in 7 days.
2. Overbought RSI (93.96 in 7 days) leading to correction.
3. Bitcoin dominance increasing to 63.58%, reducing liquidity in altcoins.
#ETHBreaks3k #ShariaEarn #TrendTradingStrategy #FOMCWatch