Attention, traders! 🚨🍌 The pair $BANANAS31 /USDT is showing an interesting movement. After a good bullish rally that took it to touch $0.006992, we are seeing a pullback and the price action is consolidating. Watch out for manipulation here! The market sometimes plays with our emotions to liquidate positions.
Currently, the price is at $0.006450. We see that the MA(5) is at $0.006443 and the MA(10) at $0.006450, they are acting as dynamic support! If the price manages to stay above these moving averages, we could see a new impulse. The key support zone to watch is the 24h low at $0.005725. If it breaks that level, things could get ugly.
On the resistance side, we have the zone of $0.006580 (24h high) and then that previous peak at $0.006992. If we strongly break that resistance, we could have fireworks! The volume in 24h is 791.76M BANANAS31, which is significant, but we must always be alert to suspicious movements from whales.
The order book shows us a demand of 73.25% against a supply of 26.75%, indicating that there is buying interest! But don’t get too confident, market manipulation is real and sometimes large orders move to deceive.
In summary, BANANAS31/USDT is at a crucial point. Patience will be key here. If buying pressure remains and we manage to break resistances, we could see a new rally. If not, let’s look for support and wait for new opportunities! Always managing risk wisely, as the market gives nothing away!
