Token

Value

Banana Gun

Banana

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-halt-banana-gun-token-price-decline/" data-wpel-link="internal">Investors Halt Banana Gun Token Price Decline</a><br></p>
<p class="p1" style="text-align: justify">The price of Banana Gun (BANANA), a popular <a href="https://en.coin-turk.com/wif-coin-captures-investor-attention-with-notable-performance/" data-wpel-link="internal">memecoin</a> project from the Telegram community, has gradually stopped its decline after <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> decided to sell. This process has attracted the interest of investors. The price drop has positioned BANANA as potentially profitable because accumulation could now yield gains. What do the <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a> and chart analysis say? Let’s examine together.</p> 
<h2 class="p1" style="text-align: justify" id="notable-data-for-banana-gun">Notable Data for Banana Gun</h2> 
<p class="p1" style="text-align: justify">In the past two weeks, BANANA’s price has painted the daily chart red, affecting investor optimism for this popular Telegram project. As a result, investors chose to sell tokens and move their assets to exchange wallets. However, this decision did not help them much as it led to the largest loss period recorded in Banana Gun’s history. The realized losses amounted to approximately $1 million last week.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-375230 size-full" src="https://coin-turk.com/wp-content/uploads/2024/07/santiment-7.webp" alt="" width="1536" height="520"></p> 
<p class="p1" style="text-align: justify">During this period, the Market Value to Realized Value (MVRV) ratio indicated that BANANA returned to the opportunity zone, suggesting the decline might not continue. The MVRV ratio assesses investor profit and loss, and currently, BANANA’s 30-day MVRV data stands at -15%, indicating losses and potential buying pressure. Historically, an MVRV between -7% and -17% often marks the start of upward trends, signaling an accumulation opportunity zone.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-375229 size-full" src="https://coin-turk.com/wp-content/uploads/2024/07/mvrv.webp" alt="" width="1536" height="520"></p> 
<h2 class="p1" style="text-align: justify" id="banana-chart-analysis">BANANA Chart Analysis</h2> 
<p class="p1" style="text-align: justify">BANANA’s price dropped 21% from $72 to $56 in the past two weeks. Meanwhile, the token has stayed above the critical support level of $55 in the last two days. This level was tested several times as a resistance level in June and July and is now being tested as support. If investors start accumulating in the coming days, this support could lead BANANA’s price to test the psychological resistance of $65.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-375228 size-full" src="https://coin-turk.com/wp-content/uploads/2024/07/banana.webp" alt="" width="1804" height="806"></p> 
<p class="p1" style="text-align: justify">Consolidation below $70 is a possible outcome for the coming days. However, if the $56 support is lost, a drop to $47 is possible. This could invalidate the bullish thesis and cause BANANA’s price to struggle to recover.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/investors-halt-banana-gun-token-price-decline/" data-wpel-link="internal">Investors Halt Banana Gun Token Price Decline</a></h5>
<p>The post <a href="https://en.coin-turk.com/investors-halt-banana-gun-token-price-decline/" data-wpel-link="internal">Investors Halt Banana Gun Token Price Decline</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Investors Halt Banana Gun Token Price Decline

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