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BANANA's recent performance has indeed been eye-catching. The price has broken through the upper band of the Bollinger Bands, which usually indicates increasing market participation. In terms of trading volume, the recent several candlesticks show a clear accumulation of volume, and the enthusiasm of the bulls is evidently rising.
On the technical side, the MACD has formed a golden cross, and the divergence is quite large, indicating that the upward momentum is still in the release stage. Under these circumstances, the short-term upward inertia may continue. More importantly, the previous low point has now become a very solid support line. As long as this support holds, the bulls have reason to remain optimistic about the future market.
Of course, the reason the market has reached this point is mainly because market participation is indeed increasing, and the momentum of capital injection should not be underestimated. From the current technical pattern, there are no obvious signs of a trend reversal for now.