$BANANA at a Critical Junction: Bounce or Break?
The charts for Banana Gun (BANANA) are showing signs of life after a heavy correction! Here’s what you need to know:
The "Oversold" Play: BANANA’s RSI hit the 30-31 range, triggering a tactical bounce. We are currently holding the $6.10 support level. If bulls can defend this, we might see a run toward the $6.50 resistance zone.
Levels to Watch:
Support: $6.10 (Must hold!)
Resistance: $6.35 (7-Day SMA) & $6.80
Target: A break above $7.00 would shift the short-term sentiment back to bullish.
The Catalyst: Keep an eye on the upcoming team token burns scheduled for year-end. Reducing circulating supply could be the fuel needed for a recovery rally in Q1 2026.
Risk Note: Watch out for rising competition in the Telegram bot sector. Stay sharp and manage your risk!
What’s your move? Accumulating at these lows or waiting for a confirmed breakout? 👇
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