$BANANAS31 /USDT — 15m Technical Read
Price is settling into a tight consolidation around 0.00329–0.00331 after a steady intraday selloff. The 0.00328 zone is acting as a defended support, where buyers stepped in multiple times, absorbed supply, and stopped further downside momentum from expanding.
Structure remains bearish short term — price is still trading below declining MAs, and every bounce attempt has been capped quickly, showing sellers are active on strength. That said, downside momentum is cooling, not accelerating, which points to balance rather than panic selling.
Overhead, 0.00331–0.00334 is the first resistance pocket, aligned with short-term MA supply and prior rejection. Above that, 0.00338–0.00341 stands as the major resistance band, where the earlier breakdown originated and sellers previously defended aggressively.
Bias: Bearish to neutral while below 0.00334. The tape favors consolidation with a downside lean unless buyers reclaim resistance and flip structure.
Caution: A clean acceptance below 0.00328 would signal failure of the defended base and open the door for renewed downside momentum expansion.
For now, this is post-decline compression — sellers still control structure, but buyers are testing whether this base can hold before the next directional move.
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