🔥 Technical analysis for BANANAS31:
The movement of BANANAS31 on the 15-minute frame shows a strong entry into the momentum recovery phase after a sharp correction wave following the aggressive rise that reached a peak of 0.004817.
The decline was natural due to intensive profit-taking by buyers after the vertical rise, creating selling pressure that pushed the price to the 0.003537 – 0.003708 area, which has proven itself as a solid support zone.
❓ Why did the price drop recently?
1. Quick profit-taking after a rapid rise, which is common after sharp peaks.
2. A sudden drop in trading volumes after the peak, allowing sellers to take control of the movement.
3. Short-term speculators exiting with the aim of regrouping at a lower support.
4. A liquidity gap above the peak pushed the price to retest real demand areas.
💡 What is happening now with BANANAS31?
🔸 The price is currently at 0.004055 with small green candles reflecting quiet accumulation and building new buying strength.
🔸 The immediate trend has begun to tilt upwards, 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) give a signal of an approaching positive reversal.
🔸 Trading volumes have started to gradually increase — a strong indicator of an approaching new breakout.
💲 Upcoming price predictions for BANANAS31:
📈 The bullish scenario (currently the stronger one):
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 likelihood of reaching these targets is high if the flow of liquidity continues at the same pace.
📉 The bearish scenario (the weaker one):
🔻 Breaking support at 0.00389 may push the price to retest:
0.00370 is a strong buying area and is expected to rebound quickly.
🌟 Summary:
The currency has completed the correction phase and started the upward building phase. With rising momentum and returning liquidity, BANANAS31 seems ready for a new wave that could bring it back to the peak — and possibly above it — in the short term.
🔴 Important notice and disclaimer:
Cryptocurrencies in general carry high price volatility, and appearing on exchange lists is not a guarantee of returns. The information above is not investment advice; do your own research.
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