Take a look at the BANANAS variety, which is currently in a consolidation range. The price is around 0.00368 and is still firmly above the 7-day, 25-day, and 99-hour moving averages (at 0.00365, 0.00350, and 0.00344 respectively). Overall, the sentiment remains cautious with a slight bias towards optimism.
If it can cleanly break through into the 0.0039-0.0042 range (the recent rebound high is at 0.00416), there is room to retest the previous high, and with good luck, it could continue upward toward around 0.0044. Conversely, immediate support is at 0.0035-0.0034, and stronger support below that depends on the swing low at 0.00309.
From the trading volume perspective, the recent rally was accompanied by quite noticeable volume, but it has recently contracted a bit. To continue rising, it will need volume to pick up again and to stabilize above the short-term moving averages.
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RetiredMiner
· 2025-12-18 10:16
Primarily observe and wait for a stable entry point
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TokenomicsDetective
· 2025-12-18 06:31
Attention to trading volume unexpectedly ahead
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GasSavingMaster
· 2025-12-17 14:56
A bullish market is coming.
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ParallelChainMaxi
· 2025-12-17 05:49
Nothing makes sense if Bitcoin doesn't move.
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BlockchainTherapist
· 2025-12-17 05:47
The moving average bullish trend has hope
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BankruptcyArtist
· 2025-12-17 05:43
Drawing support levels again
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RunWhenCut
· 2025-12-17 05:42
Come on, big rise, brothers!
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MagicBean
· 2025-12-17 05:41
It still depends on the trading volume performance
Take a look at the BANANAS variety, which is currently in a consolidation range. The price is around 0.00368 and is still firmly above the 7-day, 25-day, and 99-hour moving averages (at 0.00365, 0.00350, and 0.00344 respectively). Overall, the sentiment remains cautious with a slight bias towards optimism.
If it can cleanly break through into the 0.0039-0.0042 range (the recent rebound high is at 0.00416), there is room to retest the previous high, and with good luck, it could continue upward toward around 0.0044. Conversely, immediate support is at 0.0035-0.0034, and stronger support below that depends on the swing low at 0.00309.
From the trading volume perspective, the recent rally was accompanied by quite noticeable volume, but it has recently contracted a bit. To continue rising, it will need volume to pick up again and to stabilize above the short-term moving averages.