$BANANA Pullback or Reload? Bulls Defend $29 After Sharp Spike
BANANA is trading at $29.44, gaining 6.98% on the day after a powerful breakout that touched $32.30, the 24h high. Price has since retraced slightly and is now testing short-term support around $29.35. Volume remains elevated, and traders are watching for the next directional cue.
Key Levels to Watch
• Resistance Zone: $30.00 – $32.30
A breakout above this zone may lead to:
• Target 1: $33.00
• Target 2: $34.50
• Support Zone: $29.20 – $28.00
A break below this could trigger downside toward:
• Target 1: $27.20
• Target 2: $26.00
Trade Setup – Eye on the Reclaim
• Bullish Entry: Break and hold above $30.00 with strong volume
• Target 1: $33.00
• Target 2: $34.50
• Bearish Entry: Close below $28.00 with rising sell pressure
• Target 1: $27.20
• Target 2: $26.00
Final Take:
BANANA showed explosive strength but is now in a key retest zone. If bulls reclaim $30 with conviction, the uptrend may resume rapidly. However, failure to hold $28 could confirm a deeper pullback. Let volume and momentum guide your move.