🔥 Technical analysis for BANANAS31 — Golden retracement and the start of an upward wave!
The movement of BANANAS31 shows a strong entry into a momentum recovery phase after a sharp correction wave following the aggressive rise that reached a peak of 0.004817.
🚀 What is happening now?
🔸 The price is currently at 0.004055 with small green candles reflecting a quiet accumulation and building new buying strength.
🔸 The immediate trend has started to lean upward, especially after 7 consecutive positive candles with a healthy sideways correction.
🔸 Momentum indicators like RSI and MACD (as shown at the bottom of the panel) are giving signals of an approaching positive reversal.
🔸 Trading volumes have started to gradually rise—a strong indicator of a new breakout approaching.
🔮 Upcoming price predictions for BANANAS31:
📈 The bullish scenario (currently the strongest):
If the price maintains support at 0.00389, the next wave may target:
🎯 First target: 0.00423
🎯 Second target: 0.00448
🎯 Third target "breaking the peak": 0.00482
🎯 Extended expansion target: 0.00515
✅ The probability of reaching these targets is high if the liquidity flow continues at the same pace.
📉 The bearish scenario (the weakest):
Breaking support at 0.00389 may push the price to:
0.00370, which is a strong buying area and is expected to rebound quickly.
🚨 Disclaimer:
Cryptocurrencies generally carry high price volatility, and appearing on exchange listings is not a guarantee of returns; the information above is not investment advice, do your own research.
