The $BANANAS31 /USDT currency has seen active movements in the last few hours on a 15-minute interval, where the price rose to 0.006627 USDT before slightly retreating to 0.006589 USDT currently. The market seems to be experiencing a pivotal moment that could determine the upcoming trend, whether continuing to rise or experiencing a temporary correction.
🔍 The technical indicators suggest:
Moving Averages (EMA): the price is still maintaining its position above important averages like EMA 20 and EMA 50, which supports the short-term upward trend.
Relative Strength Index (RSI): at 64, it remains in the positive zone, but it is approaching the overbought territory.
Stoch RSI: exceeded 80, indicating the possibility of a short corrective move before continuing the rise.
MACD: recently showed a positive crossover, but with weak momentum that needs stronger confirmation.
📈 Expected positive scenario:
If stability above the 0.00658 area continues, we may witness an extension in the rise towards:
First target: 0.00667 (previous peak)
Second target: 0.00685
Possible third target: 0.0070 – 0.0072, if new buying momentum enters.
📉 As for the correction:
Breaking the support level of 0.00654 may lead to testing the area between 0.00647 – 0.00642, which is considered strong technical support for a rebound.
🎯 Important observation point:
Stability of the price above the EMA90 average (at 0.006583) will be key to continuing the upward trend. Breaking the support at 0.00642 may temporarily change the trend to downward.
💡 Advice for traders:
Monitor the price behavior at 0.00658 – 0.00660, as closing above it with a strong candle may signal a renewed upward movement. In case of a drop, good buying opportunities may arise at 0.00647 with the appearance of a strong reversal candle.
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