$BANANAS31 Current state of the market (August 20, 2025)

Current price: ≈ USD $0.00734 per BANANAS31

Change in 24 hours: rose between +4 % and +5.7 %, according to the source

24h volume: between USD $23 M and $31.5 M

Market capitalization: between USD $70 M and $73 M

Circulating supply: 10 billion tokens (no additional issuance)

Technical analysis and recent factors

1. Bullish breakout of resistance

On August 19, BANANAS31 surpassed a key resistance level at USD $0.0071, accompanied by a 44.8 % increase in volume (≈ USD $30.3 M). Indicators like the MACD and RSI also moved into positive territory, suggesting bullish momentum in the short term. A potential target is seen in the range of USD $0.0096–0.0106 if strength is maintained.

2. Meme coin euphoria

Speculative interest in meme assets has returned: the altcoin season index has risen 4.76 %, while social volume skyrocketed by about 300 %. This was partly driven by a banana sticker on the SpaceX Starship S31 rocket in July, which revitalized the project's virality.

3. Derivatives and leverage

Exchanges like KuCoin and BYDFi launched perpetual contracts with up to 50× leverage for BANANAS31. This has increased open interest, although it adds volatility and liquidation risk.