The currency $BANANAS31 /USDT is experiencing a technical consolidation after a corrective drop, amidst technical indicators supporting the likelihood of a strong upward wave in the coming hours or days. Are we facing an imminent price explosion? Here are the full technical details.

✅ Current Status of the Currency:

  • Current Price: 0.008614 USD

  • Change Percentage (24 Hours): -6.47%

  • Highest Price in 24 Hours: 0.009613

  • Lowest Price in 24 Hours: 0.008006

  • Trading Volume in 24 Hours: 7.61 billion BANANAS31

🔍 Technical Analysis:

1. EMA Moving Averages:

  • EMA 20 = 0.008512 ➤ The price is currently above it, indicating a gradual recovery in the short term.

  • EMA 50 = 0.008588 ➤ It has been broken again, which is a sign of regaining upward momentum.

  • EMA 99 = 0.009342 ➤ Represents strong resistance, and breaking it will confirm the price explosion.

2. Technical Indicators:

  • RSI(7) = 64.15 ➤ Close to overbought, but there is still room for more upward movement.

  • Stochastic RSI = 96.05 ➤ In the overbought zone, and may precede any strong rise with a short profit-taking process.

  • MACD ➤ Slight bullish crossover, supporting the expected positive trend.

3. Price Action Model:

  • Strong rebound from the level of 0.00816.

  • Formation of higher lows.

  • Consecutive bullish candles with a noticeable improvement in momentum.


🎯 Technical Recommendation:

  • Ideal Entry Area: Between 0.00850 and 0.00860 (with confirmation from a bullish candle).

  • Proposed Stop Loss: Break below 0.00830 with a closing candle of 15 minutes.

  • Near Goals:

    • 0.00895 ✅

    • 0.00935 ✅

    • 0.00980 – 0.01050 (in case of a strong breakout) 🚀

🏁 Long-term Target:

If the price successfully breaks the level of 0.0105 and holds above it, the most likely scenario indicates an extension of the wave towards:

🎯 Long-term Target: 0.01280 – 0.01350

This is a previous psychological and technical resistance level that may be targeted if strong buying momentum comes from speculators and short-term investors.


📌 Summary:

The BANANAS31 currency is technically preparing for a potential upward explosion in the coming hours or days, provided that the EMA99 average is confirmed as broken at 0.00934. We recommend closely monitoring entry levels and activating an appropriate stop loss.

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