$BANANAS31 /USDT BEARISH SETUP ALERT

Current Price: $0.007852

24h Change: -3.36%

24h Range:

High: $0.008584

Low: $0.007729

24h Volume:

BANANAS31: 2.65B

USDT: $21.45M

Technical Analysis Overview:

$BANANAS31 has rejected the $0.0086 resistance and is now trading below multiple key intraday levels. Price is forming lower highs and lower lows, suggesting a short-term bearish trend is still intact.

Key Resistance Zones:

$0.008000 – $0.008100: Near-term resistance

$0.008300 – $0.008500: Previous breakdown area

$0.008584: Daily high (major rejection zone)

Support Zones to Watch:

$0.007800 – $0.007730: Local support range (24h low)

$0.007500: Psychological support / breakdown extension

$0.007200: Deeper support if market weakens further

Bearish Setup Idea:

Entry (Short): $0.00785–$0.00790 (on rejection below $0.0080)

Confirmation: 15m–1h candle closes below $0.00780

Targets:

TP1: $0.00773 (24h low

TP2: $0.00750

TP3: $0.00720

Stop Loss: Above $0.00815

Volume & Momentum:

Strong volume near highs ($0.0085–$0.0086) but failed to hold.

Decreasing bull momentum below $0.0080 confirms weakness.

Still above key low ($0.00773), but struggling to reclaim strength.

Final Note:

BANANAS31 is in a distribution phase after a bounce, with signs of selling pressure increasing below $0.0080. A decisive break of $0.00773 could open room for further downside.

Trend Bias: Bearish

Setup Type: Intraday rejection & continuation

🎯 Risk Level: Medium to High (volatile volumes)

Pro Tip: Be ready for volatility — ideal for short scalps or tight swing entries with discipline

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