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Crypto PM
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The
BTC
whale ($10B+ btc whale / Garret) closed his entire 55.1K
ETH
($195M) long position 5 minutes ago, pushing ETH’s price down by $35 (around 1%).
$ETH
ETHUSDT
Perp
3,196.64
-0.40%
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$BTC Holdler Vs Altcoin Holder 😂
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$BANANAS31 Banana For Scale Pumped 77.98% in 24h (to $0.00423) amid meme coin momentum and technical signals. This follows a 51% weekly gain, sharply outperforming the broader crypto market (-0.8%). Key drivers: Meme Hype Revival – Viral traction and exchange listings fueled retail FOMO. Technical Breakout – Bullish RSI (76.38) and MACD crossover signaled momentum. Exchange Inflows – Recent KuCoin/BYDFi perpetual contracts boosted liquidity. Deep Dive 1. Meme Hype & Social Buzz (Bullish Impact) BANANAS31’s price spiked alongside a 1,562% surge in 24h volume ($107M), driven by social media campaigns (e.g., “Hold your BANANA bag” tweets) and its July 29 mention as a “top trending crypto” in Coingabbar. Meme coins like BANANAS31 often rally when Bitcoin dominance dips (-1.5% weekly), as traders rotate into high-risk assets. What this means: Retail traders likely piled in post-FOMO, amplified by its “banana for scale” meme branding. The token’s 10B max supply allows micro-price moves to feel dramatic, attracting speculative day traders. What to look out for: Social sentiment shifts – a drop in $BANANAS31-related tweets or influencer endorsements could trigger profit-taking. 2. Technical Breakout Signals (Mixed Impact) The 7-day RSI hit 76.38 (overbought), while the MACD histogram turned positive (+0.00011124) for the first time since June 2025. Price breached the 23.6% Fibonacci level ($0.00347), a key resistance zone. What this means: Algorithmic traders may interpret this as a bullish trend reversal, though the overbought RSI hints at a near-term pullback risk. The 200-day EMA ($0.00527) now acts as critical overhead resistance. Key threshold: A close above $0.00432 (July 10 swing high) could extend gains, while a drop below $0.00347 may signal exhaustion. Conclusion BANANAS31’s rally reflects classic meme coin dynamics: low float, social hype, and technical triggers. While the 24h volume surge validates short-term demand, the token remains 93% below its June 2025 ATH ($0.01701), emphasizing its volatility. #banana
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Someone please ask jim cramer 😂
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