$BANANAS31 Price Action Summary 💥
Over the past few hours, $BANANAS31 -USDT has shown signs of volatility with a sharp rejection after a brief rally. The price reached a high of **0.0072010** around 13:00, but failed to sustain momentum, leading to a downward drift. Since then, the asset has been consolidating in a tighter range between **0.00690** and **0.00700**, indicating weakening bullish pressure.
- **Rejection at resistance**:
The spike to **0.0072010** was followed by increasing selling volume, suggesting strong supply at higher levels.
**Declining volume on pullback**:
The recent candles show lower trading volume compared to the earlier surge, which may signal reduced conviction in the current downtrend.
Short-term support at 0.00686–0.00690**:
This zone has held multiple times in the last 12 hours, acting as a floor for price drops.
Overall, the pattern reflects a "bearish rejection" after an upward move, now transitioning into a consolidation phase. Traders are likely watching whether the support holds or if a breakdown occurs with renewed selling pressure. For real-time chart updates and deeper analysis, you can monitor the BANANAS31-USDT pair directly on #Binance .
The information above is searched and summarized by AI,
and does not constitute investment advice.
