Banana Gun (Banana), an encrypted currency linked to the Crypto Telegram trading, witnessed its rise to the highest level during the day $ 20.33 today, a prominent leap of $ 16.09.
It is worth noting that this increase comes after a decrease from $ 37.00 on February 16, 2025, and curiosity about what drives sudden upward momentum.
To highlight, Banana Gun operates through several sets of episodes such as Ethereum, Base, Solana, and Blast, which features more than $ 5.3 billion in lifelong trading volume and a user base exceeding 215,000.
Through his growing ecosystem and modern monuments, the project drew the attention of merchants and investors.
The recent developments that feed the mutation
One of the main factors in increasing banana prices seems to be its last performance on the basic chain, as the trading volume increased to $ 44.8 million during the weekend.
There is not much joy in this market, but let’s focus on good things that happen! Prague does not help anyone. Banana Gun had a great weekend because of its launch on the base. Is the base pick up in general? The total banana pistol reached 44.8 million dollars on Saturday, …
This height, which may be operated by launching an excess, reflects an increased activity and attention to the platform, drawing for merchants and enhancing liquidity.
This increase in size often indicates an increase in adoption, which can pave the way for prices to estimate prices with more participants enter the market.
In addition, on February 24, 2025, Gun Banana expanded by adding support for new decentralized exchanges (Dexs) within the audio ecosystem, including Wagmi and Swapx V2 + V3.
This step is likely to attract a wider set of users, which enhances the benefit and attractiveness of the platform and bring the stage to collect the price that was observed today.
Banana gunman (banana) technical expectations price
It is worth noting that the outbreak of prices today comes after the banana entered the peak area of purchase in the fourth and daily plans.
However, after it reached a height of $ 20.33, the banana price returned to $ 16.17 at the time of the press, although the RSI index remains less than 50 on the daily chart.
Looking at the moving averages, Gunna Gun (bananas) is traded without the 29 -day moving average, despite its 9 -day moving average on the daily chart.
In order to confirm the bullish direction, the distinctive symbol must move over MA for 29 days.
Also, MA remains for 9 days less than MA 26 days, which still indicates a declining market, which means that traders should approach the symbol with caution, especially since the distinctive symbol has decreased by 21 % during the past month and 58 % during the past year.
If the bullish momentum is kept, the symbol can test the resistance level at $ 26.73, which means an increase of 67.63 % of the current price.
On the contrary, if Beers excel over the bulls, Banana Gun (bananas) can slip at its lowest level about $ 16.
Post Banana Gun (banana) rises to $ 20.33: What leads the gathering? First appeared on Invezz
