š $BANANAS31 / USDT ā Massive Spike Followed by Sharp Correction! Is Momentum Fading? šš
$BANANAS31 / USDT has seen a dramatic move on the 4H chart, surging to a 24H high of $0.010800, marking a major breakout from the previous consolidation range. The price is currently trading at $0.007539, up +8.09%, showing some resilience after a rapid drop from its peak.
The chart reveals a strong bullish breakout followed by heavy profit-taking, as indicated by the long upper wicks and increased red candles. Despite the correction, volume remains extremely high at 18.65B, signaling continued interest from traders and potential for further volatility.
š Key Levels to Watch:
Resistance: $0.009500 ā $0.010800
Support: $0.006858 (24H low), psychological support at $0.007000
Volume: Massive liquidity may lead to another big move soon.
ā ļø Caution is advised ā while the upward momentum is notable, sharp pullbacks suggest a battle between bulls and bears. Wait for confirmation before re-entering or scaling in.
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