$BANANAS31 is showing a nice intraday bounce to 0.01177 ∗ ∗ ( + 9.25 0.01177∗∗(+9.256M USDT is solid for this asset. This bounce is happening after a sharp drop from the $0.015 area this month.
$0.0130 ─── 🔴 Major Resistance (break for continuation)
$0.0120 ─── 🟡 Local Resistance
$0.0117 ● CURRENT PRICE (bounce in progress)
$0.0105 ─── 🟢 Key Support (defended twice now)
$0.0090 ─── 🔻 Below this — structure breaks down
Bullish case: A 4H close above 0.0120 ∗ ∗ o p e n s t h e d o o r f o r a r e t e s t o f ∗ ∗ 0.0120∗∗opensthedoorforaretestof∗∗0.0130+. The bounce from $0.0105 is clean and volume-backed.
Neutral case: The price continues to consolidate between 0.0105 a n d 0.0105and0.0120. This range-bound action would mean the market is absorbing the recent sell-off.
❓ Your take: Can BANANAS31 push above $0.0120 this week, or is this just another dead cat before a new low? What's your level?
#CryptoForgeAlpha #BANANAS31Trading #BNBChainSunset #marketanalysis. $BANANAS31 $GMT
