Swing Trading Signal for $BANANA BANANA/USDT

Current Market Overview:

Price: $23.96 (+5.04%)

24H High: $25.99 | 24H Low: $22.65

MA(7): 24.60 | MA(25): 23.75 | MA(99): 19.56

RSI(6): 48.09 (Neutral)

Volume: 111.98M

Technical Analysis & Trading Signal

1. Support & Resistance Levels:

Support: $21.68 (Recent Low)

Resistance: $25.99 (24H High)

2. Moving Averages:

The 7-period MA (24.60) is slightly above the price, acting as a dynamic resistance.

The 25-period MA (23.75) is close to the price, suggesting a key level for decision-making.

The 99-period MA (19.56) shows the long-term trend is still bullish.

3. RSI (6) at 48.09:

RSI is neutral, neither overbought nor oversold, suggesting potential price consolidation before a move.

4. Swing Trading Strategy:

Buy Signal: If price holds above $23.75 (MA25) and breaks above $24.60 (MA7), target $25.99 (Resistance).

Sell Signal: If price breaks below $23.75 (MA25), expect a pullback to $21.68 (Support).

Trading Plan:

Entry (Long Position): Above $24.60 with confirmation.

Stop Loss: Below $23.50 to manage risk.

Target: $25.99 (1st Target) and $28.19 (Potential Upside)