Banana Gun (BANANA) Price Skyrockets 20% as Bulls Target $100 This Month

Banana Gun (BANANA), a Telegram bot designed to assist users in purchasing tokens on the Ethereum Network saw a massive bullish move yesterday.

Banana Gun (BANANA) price soared to a new all-time high (ATH) on Monday, fueled by a speculative move. The token’s recent breakout from a three-month range and a sharp volume surge signaled a strong buying momentum.

The BANANA token crossed its crucial resistance at $60 with a massive bullish move. It encountered sellers’ cluster at this level in the past, but this time, the bulls managed to secure the breakout rally.

After three months of ranging moves and bulls’ multiple attempts, the token finally breached the hurdle with a new ATH mark. As per recent breakout, a long bullish marubozu candlestick was observed on the daily chart, accompanied by a massive volume spike. This signifies the accumulation and willingness to deliver the follow-on gains ahead.

Unless the BANANA token moves below the $60 mark, the breakout rally will remain intact, and further upswings could be seen. On the upside, the bulls are aiming to reach the $100 mark this month.

At press time, the BANANA price was $68.70 with an intraday surge of 20.79%, reflecting bullish momentum on the chart. It has a monthly return ratio of 47.20% and 437.20% yearly, reflecting a long uptrend.

The BANANA/BTC is at 0.00107 BTC, and the market cap is $178.11 Million. Analysts are neutral and suggest that the BANANA price may resume the bullish wave and could reach the $100 mark soon.

Notably, it ranked 248 and has a total supply value of 8.90 Million, while the fully diluted market cap is $611.47 Million.

Amidst the consistent uptrend and a new ATH, buying momentum was intact with more upside on the horizon. Buyers remain strong and are set to stretch the breakout rally toward the $100 mark soon.

The rising RSI signifies the sharp upward movement and consistent buying pressure on the chart. The RSI curve noted at 78, sailing in the overbought zone, whereas the MACD indicator plotted green bars and directed a bullish crossover.

Per the Fib extension tool, the upcoming targets beyond ATH nearby $88 followed by $100. @ChadCaff in his tweet said that, BANANA has crossed its ATH mark and gave a fresh opportunity to chase the bull rally here.

Fueled by the demand surge, the token succeeded in heightening the gains. Its active addresses data sharply rose over 34% to 1455, displaying an immense surge in the growth and rise in demand of the token.

Likewise, the social dominance data implied a major speculative move, as the investors were discussing the BANANA token’s price action. It continued to chatter about it on the social media platforms.

The immediate support levels for the BANANA token are $60 and $55. The key upside hurdle is around $78 followed by $85.

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