$BANANAS31 TECHNICAL ANALYSIS ā BULLS PREPARING FOR THE NEXT LEG UP šš
$BANANAS31 is showing signs of strong accumulation after a steady consolidation around the $0.0050ā$0.0053 range. Buyers are gradually stepping back in as volume increases, hinting at a potential breakout from the current base.
š Key Technicals:
Support Zone: $0.0048 ā $0.0050 (accumulation area)
Resistance Levels: $0.0056 / $0.0062
Breakout Target: $0.0075 ā $0.0100
RSI: Recovering from oversold territory, indicating renewed bullish strength.
MACD: Near a bullish crossover, often signaling a short-term rally.
š„ Market Outlook:
If holds above $0.0050 and breaks past $0.0060 with strong volume, momentum could rapidly shift bullish ā setting up the stage for a move toward $0.01 in the next leg of the market.
ā” Trend Bias: Bullish Reversal in Progress
šÆ Next Target: $0.0075 short-term, $0.01 medium-term
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