Banana is one of these tokens that has delivered exceptional performance since its start. Compared to its price at the end of last year, Banana's price has pumped up to 1,500%.
Of course, the latest price push was related to the Binance listing.
Subsequently, the current correction is based on investors and traders taking profits.
However, long-term, I expect more upside potential. The ongoing correction should find a bottom between $50 and $55 and bounce from there. Moreover, there's plenty of room to grow based on the current market cap of 200m.
Nevertheless, from a trading point of view, I haven't touched the token yet. This has nothing to do with the fundamentals but with too little data to "securely" predict the next moves and support and resistance zones.
Of course, the latest price push was related to the Binance listing.
Subsequently, the current correction is based on investors and traders taking profits.
However, long-term, I expect more upside potential. The ongoing correction should find a bottom between $50 and $55 and bounce from there. Moreover, there's plenty of room to grow based on the current market cap of 200m.
Nevertheless, from a trading point of view, I haven't touched the token yet. This has nothing to do with the fundamentals but with too little data to "securely" predict the next moves and support and resistance zones.
I'm Ben. Crypto lover, trader, and coder.
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I'm Ben. Crypto lover, trader, and coder.
Join my free newsletter for insights and the hottest trade setups every weekday!
newsletter.bencrypto23.com
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newsletter.bencrypto23.com
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.