1. Price & Trend
Last Price 0.007103 Hovering just 0.41 % above the 24 h low.
24 h Range 0.006973 – 0.007460 Narrow 6.6 % range → compression before breakout.
Mark Price = Spot Price 0.007103 Futures in line with spot → no premium/discount.
2. Volume Profile
- Spot Volume (24 h): 41.42 M USDT
- Perp Volume (24 h): 5.80 B BANANAS31 (41.3 M USDT)
> Volume spike on the last candle (2.276 B in 15 min) hints at initiation move.
3. Chart Structure (1-D)
- Higher Lows: 26 Jun → 12 Jul → 21 Jul
- Lower Highs: 03 Jul → 09 Jul → 18 Jul
> Symmetrical Triangle converging at 0.0070 – 0.0072.
Bias: Neutral-Bullish – price sitting on rising trend-line support.
4. Momentum & Oscillators
Indicator Signal Reading Insight
MACD (1-D) Bullish Cross (Jul-19) Histogram turning positive Early momentum shift.
RSI (14) 46.3 Oversold bounce zone Room to 60 before overbought.
Bollinger Bands Squeeze Band-width at 6-week low Impending volatility expansion.
5. Support / Resistance Grid
- Immediate Support: 0.00697 – 0.00700 (triangle base + volume node)
- Resistance Levels:
1. 0.00746 (24 h high & triangle top)
2. 0.00785 (late-June swing high)
3. 0.00825 (daily 50-MA)
6. Derivative Sentiment
- Funding Rate: Slightly negative (-0.005 %/8 h) → perp shorts pay longs
- Open Interest: Rising 7 % in 24 h alongside price → new longs entering
Trading Plan (Short-Term Swing)
Scenario Trigger Target Invalidation
Bullish Breakout 1-D close > 0.00746 with > 2× volume 0.00785 / 0.00825 Close back below 0.00700
Bearish Breakdown 1-D close < 0.00697 0.00660 / 0.00625 Reclaim 0.00715
> Risk/Reward: 1 : 2.6 on long side; size for ≤2 % account risk.
Catalyst Watchlist
- BTC macro move (alt-beta)
- Project-specific news (token burns, CEX listings)
- Funding rate flip (excessive long leverage could fuel squeeze)
Stay nimble—tight stops until the triangle resolves.