TECHNICAL ANALYSIS BANANA🔥🔥
The BANANA token is currently around $26, showing a phase of possible consolidation with potential for a short-term trade. From a technical standpoint, BANANA seems to have found support near $24-25, a key level where good price holding has been observed. A recommended entry could be around the current price of $26, taking advantage of the bounce from this support.
For risk management, the stop loss should be placed just below the support, around $23-24, to limit losses in case of prolonged decline. Take profit levels can be set in two stages: a first conservative target around $29-30, where there is short-term resistance, and a second more ambitious target around $34-35, a level that represents a possible medium-term resistance area.
Technical indicators such as RSI and moving averages suggest a balanced situation with slightly bullish potential, but caution is necessary due to market volatility.
Please always operate with low leverage and always set a stop loss.
