Is the Banana Gun the Next Big Thing or Just a Peel of a Joke? 🍌💰

So, Banana (BANANA) just had a little party, huh? A 44% price rally! It’s like it’s trying to break out of this descending wedge pattern. But let’s be real, folks—investors are acting like they just saw a cockroach. They’re not holding on! What gives? 🤔

Even with the price going up, a lot of investors are just sitting there, twiddling their thumbs, probably waiting for the next big thing. Talk about a buzzkill!

Banana Gun Faces Selling

In the last two weeks, the supply of Banana on exchanges has shot up by 300,000 tokens—worth almost $5 million! That’s like a garage sale gone wrong. This selling pressure is about 9% of the entire market cap, which is $55 million. So, what’s happening? The altcoin can’t keep its act together, and everyone’s rushing to cash in their chips. 🤑

This selling frenzy? It screams bearish sentiment. It’s like everyone’s saying, “I’m outta here!” The price is feeling the weight of all this profit-taking. It’s like a bad breakup—nobody wants to stick around.

Now, here’s the kicker: there’s been a spike in active deposits over the last 24 hours—the highest since November 2024! It’s like a stampede of people trying to offload their Banana tokens. What a sight! 🐂💨

Unlike before, when folks were trying to stop the bleeding, this time it’s all about booking profits. It’s like they’re saying, “I’m not losing money, I’m just taking my winnings and running!” If this keeps up, we might see more selling in the short term. Buckle up!

BANANA Price Is Looking For A Gap

Right now, Banana is trading at $15.95 after that 44% jump. It’s hanging out in this descending wedge pattern that usually means good things are coming. But guess what? It’s struggling to break out. It’s like trying to get out of a crowded elevator—good luck with that! 🚪

If this weak momentum and selling trend keeps going, Banana might just test the lower trend line. We could see it drop to $10.29. Talk about a mood killer! 😩

But hey, if the market decides to play nice and investor sentiment changes, we might see Banana break out of that wedge. If it can bust through the $17.57 barrier, we could be looking at a price surge to $23.24. Now that would be a plot twist! 🎉

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2025-03-12 18:15