The $BANANAS31 coin has seen a price explosion over the past few hours, breaking through the pivotal resistance at 0.0071 and continuing its climb to 0.00753, attracting the attention of day traders and scalpers waiting for the next opportunity.
🔍 Quick technical overview:
The price is currently moving in a strong uptrend on the 15-minute timeframe, clearly supported by a high trading volume of over 1.7 billion BANANAS.
All moving averages (EMA20, EMA50, EMA99) support the uptrend, and the price is trading steadily above them.
Momentum indicators such as RSI and StochRSI indicate significant overbought conditions, which could lead to a slight correction before resuming the upward trend.
⚠️ Current support and resistance areas:
Nearby support is located between 0.0071 and 0.0072, which is an important pivot area.
The next resistance is at 0.0076 and then 0.0080, which are logical technical targets if the current momentum continues.
💡 Is the price able to reach 0.008 in the coming hours?
Analysis indicates that the goal is very feasible if:
The price settled above 0.0073 without a clear break.
Liquidity continued to enter with positive candles on short intervals.
✅ Recommendation for speculators:
If you are entering the trade from low levels, it is recommended to hold partially and monitor the price near 0.008 to gradually take profits.
If you haven't entered yet, it's best to wait for a correction towards 0.0071 - 0.00725 and enter when a strong bullish candle appears, with a stop loss below 0.00695.
⏳ The market is now at a crucial moment, either a new breakout towards 0.008... or a slight pullback to take profits before the next rise.
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