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The Banana Gun price has soared 5% in the last 24 hours to trade at $70 as of 6 p.m. EST on a 3% surge in trading volume to $28 million.
This surge happened after Binance announced that BANANA will list on the world’s biggest crypto exchange. The token soared to a new all-time high of $78 before paring gains.
BINANCE LISTING$BANANA is listing on @Binance! Participating as the first protocol on Binance HODLer Airdrops, Binance users can stake their $BNB on Binance to earn $BANANA.$BANANA will then be listed on 2024-07-20 at 09:00 (UTC) with BTC, USDT, BNB, FDUSD, and TRY pairs.… https://t.co/1YKFiOE3f2
— Banana Gun 🍌🔫 (@BananaGunBot) July 18, 2024
Banana Gun Price Bulls Gear Up For A Rally Above Ascending Channel
The Banana Gun price surged to $78 following Binance’s announcement of listing BANANA tokens on its Airdrop portal. However, early investors sold off their holdings, causing the price to retreat to a support level of $64, according to GeckoTerminal. Despite this setback, buyers remain hopeful, aiming to drive the price back above $78.
BANANAUSD Analysis ( Source: Dextools.io)
Currently, Banana Gun is trading significantly above its 50-day and 200-day Simple Moving Averages (SMAs), which are in green and blue. This places key support levels at $49.38 and $53.81, highlighting strong buying pressure and tilting the market in favour of the bulls. The moving average cross further strengthens the overall bullish sentiment for the Banana price.
Moreover, the MACD indicator looks set to keep trending upward as the average line has crossed above the signal line, above the neutral level. This indicates that traders might keep buying BANANA unless there’s a shift in the MACD trend.
On the other hand The RSI also supports this uptrend, having moved into the overbought zone above 70 and now sitting at 74. While the RSI on the four-hour chart indicates overbought conditions and a possible pullback, any dip might be short-lived, giving more investors a chance to buy BANANA and potentially push the price above $78.
Banana Gun Price Prediction
The four-hour chart shows buyers currently have the upper hand in the BANANA market. If this buying pressure continues, the price could break past the $78 resistance level.
However, according to Welles Wilder’s interpretation of the RSI, an asset is considered ready for selling once the RSI drops below 70. If sellers take advantage of BANANA being overbought, the price could fall to around $62.
Is This Project The Best Meme Coin To Buy Now?
The bullish news surrounding Banana Gun is matched by the excitement around the new meme coin Pepe Unchained (PEPU), which has raised over $4.5 million in its presale.
PEPU is a big upgrade on the original Pepe coin because it has its own Ethereum Layer 2 blockchain that improves scalability, speed, and efficiency compared to traditional Layer-1 meme coins. This means Pepe Unchained provides investors with better market opportunities.
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🧠 Dedicated Block ExplorerGet ready to join the future with Pepe Unchained! ⛓️🐸 pic.twitter.com/9gxNnddMyq
— Pepe Unchained (@pepe_unchained) July 18, 2024
Token holders can earn passively through the platform’s staking system, which offers an impressive annual yield of 424%.
According to 99Bitcoins, a YouTube channel with more than 700k subscribers, $PEPU has the potential for a 100x surge after launch.
$PEPU tokens are available for just $0.0085618 each. With a price increase coming in less than 2 days, buy now to secure the best deal before it’s too late.
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