$BANANAS31

Technical Breakdown – BANANAS31USDT

1. Price Action (Still Bearish)

Current Price: $0.010272 (down 44.64% in BRL terms)

Mark Price: Matches spot at $0.010272 → confirms downside pressure

Timeframe Analysis:

1D chart shows sustained decline

Lower highs and lows across 1m–1h charts confirm continued weakness

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2. Moving Averages (Bearish Setup)

EMA(10): 0.015686

EMA(50): 0.018760

EMA(100): 0.016489

Takeaway:

EMA(10) below EMA(50) = short-term bearish

Price trading under all EMAs = strong overhead resistance

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3. Bollinger Bands (Volatility Rising, Bias Down)

Bands (20,2):

Upper: 0.039721

Middle: 0.022409

Lower: 0.005098

Price Location:

Hovering near the lower band – shows pressure, not reversal

Widening bands = volatility increasing, favoring bears

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4. Volume & Momentum

Volume: 1.59B (vs. MA(5): 5.79B → clear decline in interest)

RSI(14): 34.74 → nearing oversold, still no bounce

MACD:

DIF: -0.002550

DEA: -0.000631

Histogram: -0.001919 → bearish continuation

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5. Support & Resistance Zones

Support: $0.005098 (aligned with Bollinger Lower Band)

Resistance:

$0.013332 (EMA 200)

$0.022409 (Bollinger Midline)

Fibonacci Mark:

35.56% retrace at $0.035562 acting as a ceiling

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Outlook

Bearish Bias Remains: Price trading under key moving averages, fading volume, and no reversal signals from RSI or MACD

Downside Target: Watch $0.005 zone

Reversal Watchlist:

RSI dipping under 30

MACD turning bullish

A close above EMA(10) ($0.015686) with volume

> Tactical Insight: Longs remain risky. Better risk/reward lies in shorting rallies into resistance zones between $0.015–$0.018.