$BANANAS31 is trading at 0.009640 right now, up 3.86% and I believe this Seed token is fighting back harder than most people expected.
From the peak of 0.011939 down to the devastating low of 0.006589, I think BANANAS31 went through one of the most violent crashes on this chart. I feel that drop of nearly 45 percent was a complete flush and the kind of move that only happens when sellers completely run out of buyers temporarily.
But I believe what happened at 0.006589 was a turning point. I think the buyers who stepped in at that exact level knew exactly what they were doing and I feel the recovery back toward current levels proves that real demand exists beneath this token.
The SuperTrend sits at 0.010351 above current price and I think this is the wall that defines everything right now. I feel a close above 0.010351 would be the most bullish signal this chart has produced in weeks and opens the door to 0.011083 very quickly.
The 24h High at 0.009823 is already pushing toward that SuperTrend resistance and I believe the market is knocking on that door with increasing urgency today.
Volume at 106.48 million BANANAS31 with MA(5) at 13.8M currently below MA(10) at 18.3M tells me the big volume surge has cooled and I think when MA(5) crosses back above MA(10) this move will accelerate fast.
I believe BANANAS31 at current levels is one of the most interesting risk reward setups in the Seed space and I think the next move above SuperTrend will surprise everyone watching.
Not financial advice. Always do your own research.
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