🍌 $BANANAS31: Extreme Volatility & Correction Confirmed

$BANANAS31 (Banana For Scale), a meme coin driven by viral internet culture and recent exchange listings, has undergone a sharp correction, pulling back from a recent high that saw its price surge over 100% in a week as per data from major crypto platforms. Current data shows the price trading around $0.0042 USD after a drop of nearly 20% in the last 24 hours due to heavy profit-taking. Technical analysis (RSI) indicated the coin was severely overbought, and its trading behavior is highly speculative, with daily volume recently exceeding its market cap—a red flag for thin liquidity and amplified price action. While the asset’s price is sensitive to social media sentiment (Forbes), its market performance remains characteristic of a high-risk, high-reward meme coin with no fundamental utility #(CoinMarketCap, Gate.com).

For more research and analysis here is some reliable sources :

# CoinMarketCap (Live Price Data and Technical Indicators)

# Kraken (Price Trends and Trading Volume)

# Forbes Digital Assets (Meme Hype and Asset Overview)

# Gate.com (Historical Data and All-Time High Figures)

( pic took from CoinMarketCap)