🍌📉 $BANANA – BEARISH REVERSAL ON THE HORIZON? 📉🍌

Current Price: 58.39 USDT

The 4-hour chart on Binance suggests that BANANA might be running out of steam after reaching a peak near 63.75 USDT. With the price now showing signs of a pullback, this could be the start of a correction phase. The recent high-wick candles and rejection signal a struggle to maintain bullish momentum, giving bears a chance to take control.

💡 Key Levels to Watch: 💡

📉 Immediate Support: 55.00 USDT – A break below this level could send the price toward 50.00 USDT, triggering further downside.

🚧 Resistance: 63.75 USDT – Bulls must reclaim this zone for a recovery. Failing to do so will strengthen the bearish outlook.

🔮 Potential Scenarios:

⚠️ Bearish Continuation:

A sustained rejection from current levels could push BANANA toward 50.00 USDT, with further downside potential toward 45.00 USDT if selling pressure intensifies.

Watch for volume spikes on the way down, as it could signal an acceleration of the bearish trend.

🚀 Bullish Recovery Attempt:

If BANANA can hold above 55.00 USDT and make another attempt toward 60.00 USDT, it could signal that buyers are stepping in. A successful breakout above 63.75 USDT would revive bullish momentum.

📊 Summary:

BANANA/USDT is at a make-or-break moment as bearish momentum starts to creep in. The rejection at 63.75 USDT and price weakness hint at further correction unless buyers can reclaim key resistance levels. Will the bears take control, or will the bulls fight back? Keep a close eye on this one—it’s about to get exciting!

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