🚨$BANANAS31 : Touched $0.01 Twice — Then Dropped. What’s Next?
Over the past 12 hours, $BANANAS31 has approached the $0.01 level twice, briefly breaking above $0.0098 and triggering excitement among traders.
But both attempts were short-lived, and the price has now dropped back to around $0.0083, raising questions — what’s happening, and where is the coin headed?
📉 Why This Matters:
The $0.01 level is a strong psychological and technical resistance zone, where many traders are taking profits.
Each time the price has approached this level, it has quickly been pushed back down — a sign that the market isn’t ready to move higher without a catalyst or stronger momentum.
Volume remains high, but sellers are clearly active near the top. Instead of a breakout, we’re seeing a battle between late buyers and early profit-takers.
📊 What the Chart Tells Us:
Trading volume is still strong — market interest hasn’t faded.
The price is holding above key support around $0.0080, but that level is under pressure.
Failure to hold above $0.01 so far shows uncertainty and consistent profit-taking near the highs.
✅ What to Do Now:
If the price holds above $0.0080, that’s a good sign — it means there’s still demand and a possible third attempt at breaking $0.01 may be coming.
Watch for increased buying volume: if the price returns to the $0.0097–$0.0100 zone and holds, it could signal an entry opportunity with targets at $0.0105–$0.0115.
However, if the price breaks below $0.0080 and stays there, a deeper correction is likely — with possible moves down to $0.0075 or even $0.0070. In that case, it’s smarter to wait for consolidation or clear signs of a reversal before re-entering.
If, on the other hand, a strong volume spike leads to a clean breakout and close above $0.0097–$0.0100, it would confirm market strength and open the door to a fresh rally.