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🚨 BANANA coin update – What comes after this strong rise? 🚨
Current price: 23.08 USD (+20.84%)
Highest price in 24 hours: 25.90 dollar | Lowest price: 18.63 dollar
The BANANA coin experienced a strong upward movement, reaching a new peak at $25.90,
But has the rise ended or is there more to come?
📊 Technical Analysis:
✅ EMA levels ( moving averages ):
EMA(7): 21.21 dollar
EMA(25): 19.70 USD
EMA(99): 18.30 USD
➡️ The current price is trading above all moving averages, confirming a strong upward trend.
📈 Relative Strength Index (RSI):
RSI = 92.68 😱
This number indicates that the coin is in an overbought zone.
This means that a correction or profit-taking is likely to occur soon.
📉 MACD Indicator:
The MACD is still rising strongly, the gap between the DIF and DEA lines is widening, and the green charts are increasing.
However, the area has become very extended, so short-term traders should exercise caution.
🔍 Conclusion:
BANANA coin is in a very strong upward trend,
But the RSI reaching above 90 indicates that it is currently very high.
A decline or price consolidation is expected before a possible new rise.
🚫 Do not chase the green candle now!
📌 Proposed trading strategy:
🟡 Entry at correction: between $21.00 – $21.50
🎯 Goals: 25.00 / 27.50 / 30.00 USD
🛑 Stop loss: below 19.00 dollars