⚠️MASSIVE CRASH IN
$BANANAS31 /USDT – IS THIS A BUYING OPPORTUNITY OR A DEAD CAT BOUNCE?
Market Overview:
$BANANAS31 /USDT has taken a heavy hit in the past 24 hours, plummeting by -50.43%, currently trading at $0.007666. The drop followed a brief high at $0.017468, before cascading down to the 24h low of $0.007628.
Technical Breakdown (1H Chart):
The chart shows a sharp red cascade, indicating high-volume sell-offs.
Volume stands at 5.54B BANANAS31 with 66.85M USDT traded in the last 24h – suggesting whales may have dumped or panic selling took over.
No visible signs of a strong support rebound yet, meaning caution is advised for knife-catching trades.
🔍 Key Points to Watch:
Potential support near $0.0075 – if it breaks, further downside likely.
Resistance now flipped at $0.0114 and $0.0136.
Wait for volume confirmation or bullish reversal candle before considering entries.
💡 Strategy Suggestion:
If you're a risk-tolerant trader, look for stabilization above $0.0077 and set tight stop-losses. For long-term investors, consider waiting for further clarification in trend before re-entry.
📢 Risk Reminder:
Always conduct your own research and practice proper risk management. This market volatility may continue in the short term.
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