Simplified and Modern Technical Analysis for Currency $BANANAS31

Banana For Scale (BANANAS31):

--- #BANANAS31🚀

Key Points of Technical Analysis

1. Binance Platform (4-Hour Analysis)

The price has broken above the short-term moving averages (EMA), with support at EMA-7 ($0.00724), resistance at EMA-99 (~$0.00845), and a local high of ~$0.0108. The short-term trend has turned bullish after the breakout.

Wallet Entry: Buying can occur at ~$0.0080–0.0081 or in case of a correction at ~$0.0073. Targets aim for ~$0.0094 to ~$0.0108, while it is recommended to set a stop-loss at ~$0.0075 or ~$0.0068 depending on the scenario.

2. Binance Square (Another Real-Time Analysis)

A strong breakout formation from ~$0.006127 to a high of ~$0.010800 supported by high trading volume. The price is now consolidating above the EMA-9 and EMA-20 averages.

3. Support and Resistance Analysis (Binance)

The main resistance lies at ~$0.007861. Exceeding it with appropriate volume could push the price to ~$0.0085 and ~$0.0090. However, if it fails, we might see a pullback towards ~$0.00618 or ~$0.00600.

4. Gate.io (Technical Summary)

Multiple indicators are used—the moving averages (MA/EMA) and other indicators (RSI, MACD, Stochastics, etc.)—and overall indicate a "Strong Buy." Signals across time frames support this classification.

#Bitlayer #BTCOvertakesAmazon #BTCHashratePeak #BTCReclaims120K