BANANA's current trend is quite interesting. The price is moving within a narrowing triangle pattern, approaching the support zone of the upward trendline. If the current momentum continues, there is a good chance of a breakout above. In that case, a push towards the resistance level around $7.9 to $8 will become a very natural move. The key is whether it can hold the current support level steadily. Once confirmed, the rebound space might be greater than expected.
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StableNomad
· 01-11 14:35
ngl, triangles on banana charts remind me of UST in may... statistically speaking, support holds like 60% of the time before the rug gets pulled lol. not financial advice but that risk-reward ratio's looking... sketchy.
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ZkSnarker
· 01-09 11:22
well technically speaking... triangles are just market's way of saying "i haven't decided yet lol" 🤔 banana holders really out here betting on geometry, huh
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FromMinerToFarmer
· 01-09 10:57
I've heard that triangle breakout story too many times. Can BANANA really break through this time?
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¯\_(ツ)_/¯
· 01-09 10:57
I've heard the phrase "triangle narrowing" so many times, I'm just worried it might be another false alarm.
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SoliditySlayer
· 01-09 10:56
Does the triangle need to break out? It depends on whether the support can hold, which is the key.
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NftDeepBreather
· 01-09 10:56
The old trick of triangle convergence, whether it breaks or not, is just a matter of time. The 8-dollar threshold feels quite challenging.
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BitcoinDaddy
· 01-09 10:53
It feels like the triangle is about to break through; holding the support will keep it stable.
BANANA's current trend is quite interesting. The price is moving within a narrowing triangle pattern, approaching the support zone of the upward trendline. If the current momentum continues, there is a good chance of a breakout above. In that case, a push towards the resistance level around $7.9 to $8 will become a very natural move. The key is whether it can hold the current support level steadily. Once confirmed, the rebound space might be greater than expected.