🟢 $BANANA /USDT | Market Update
After a strong expansion, price is going through a controlled pullback. On the 15m chart, selling pressure is slowing near a well defined support area, suggesting absorption rather than distribution.
From a higher timeframe view, price is trading near the lower boundary of a falling wedge, a structure that often precedes a reversal when support holds. Short term support and higher timeframe structure are aligning, making this zone technically important.
Support zone, 7.20 to 7.30
Upside levels, 7.55 • 7.80
Bullish confirmation, sustained hold above 7.80
Invalidation, below 7.10
Bias, cautious bullish while above support
BANANA
7.35
+17.60%