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.

BANANA-0,87%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Repost
  • Share
Comment
0/400
StableNomadvip
· 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.
Reply0
ZkSnarkervip
· 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
Reply0
FromMinerToFarmervip
· 01-09 10:57
I've heard that triangle breakout story too many times. Can BANANA really break through this time?
View OriginalReply0
¯\_(ツ)_/¯vip
· 01-09 10:57
I've heard the phrase "triangle narrowing" so many times, I'm just worried it might be another false alarm.
View OriginalReply0
SoliditySlayervip
· 01-09 10:56
Does the triangle need to break out? It depends on whether the support can hold, which is the key.
View OriginalReply0
NftDeepBreathervip
· 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.
View OriginalReply0
BitcoinDaddyvip
· 01-09 10:53
It feels like the triangle is about to break through; holding the support will keep it stable.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)