Bullish outlook for BANANA/USDT 1-Hour Chart

The red highlighted area around 55.8338 marks a strong support zone where the price has previously found buyers.

This level has been tested multiple times, indicating its importance.

The horizontal red line at 87.2391 indicates a major resistance level.

This level has been identified as a potential target for the upward movement.

There was a significant spike in price, breaking out above the support zone and moving towards higher levels.

The price is currently consolidating after the breakout, indicating a potential continuation of the upward move.

Ensure proper position sizing to avoid overexposure to market volatility.