$BANANAS31 USDT Perpetual Market Outlook and Price Structure Analysis
#BANANAS31 USDT Perpetual is currently trading near 0.00351, reflecting short-term selling pressure after a recent intraday rejection from higher levels. The price has pulled back roughly 4.4% over the last 24 hours, moving within a range defined by the 24-hour high near 0.00369 and the low around 0.00335. This decline followed a failed attempt to hold above the previous swing high zone near 0.00376, which acted as a strong resistance and triggered renewed bearish momentum.
On the 1-hour timeframe, price action remains below the key moving averages, with MA(25) and MA(99) positioned above current levels, indicating that the broader short-term trend is still under pressure. However, MA(7) is beginning to flatten and slightly curl upward, suggesting that selling momentum is slowing and a short-term consolidation phase may be forming. The sharp bounce from the 0.00335 support zone highlights active demand, as buyers defended this level aggressively after the recent sell-off.
Volume remains relatively high, which signals strong participation from traders and increases the probability of volatility continuation. As long as price holds above the 0.00335–0.00340 support region, a corrective recovery toward 0.00355–0.00360 is possible. On the downside, a clean breakdown below this support could expose the market to deeper retracement levels.
Overall, BANANAS31USDT is in a corrective phase within a volatile structure, where patience and confirmation are critical. Traders should closely monitor support reactions and moving average reclaim attempts to assess the next directional move.
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