#BANANAS31USDT $BANANAS31
Analysis of Support and Resistance Levels
*Resistance Levels:
* Main Resistance: 0.004300 (Highest level on the chart)
* Medium Resistance: 0.004150 (Previous correction area)
*Support Levels:
* Near Support: 0.003900 (Intensive trading area)
* Medium Support: 0.003700 (Previous price consolidation area)
* Strong Support: 0.003256 (Previous low that saw a sharp rise)
# Overall Technical Assessment
*Volume and Price Analysis
* A noticeable increase in trading volume at the main reversal point (0.003256)
* Trading volume declines during the recent correction period, indicating weak selling pressure
*General Market Trend:
* The overall trend is bullish in the short term, with a rise of 45.96% during the analyzed period
* A bullish pattern is forming supported by higher lows and higher highs
## Conclusion
The BANANAS31 pair shows a strong bullish trend with a significant rise of 45.96%. The technical pattern indicates buyer strength, especially after the formation of a double bottom at 0.003256. However, the appearance of a doji candle at the end of the period may indicate market hesitation and the possibility of a short-term correction.
*Operational Suggestions:
* For short-term traders: Partial profit-taking can be considered at current levels with buy orders placed at support levels 0.003900 and 0.003700
* For medium-term investors: Monitor the resistance level 0.004300 for a potential breakout and continuation of the bullish trend.