BANANA — Support Held, Breaking Out Of The Downtrend & Getting

As mentioned yesterday, BANANA performed relatively strongly compared to many other tokens. Most importantly, the token stayed above the important support area at 58 USD.

Moreover, BANANA broke out of its (short-term) downtrend this morning and is currently confirming the outbreak. If this happens, we can add a checkmark to the first requirements for an entry.

As a second step before a long entry, BANANA has to jump above the 65 level and confirm it at least on the 4H chart.

If this happens, we can take a closer look and evaluate a long entry.