$BANANA is showing a constructive rebound within a volatile session.
Price is trading around 7.52, up 20.51%, after sweeping the intraday low at 6.22 and later printing a secondary reaction low near 7.21. The move suggests capitulation at the lows followed by responsive buying rather than a slow grind recovery.
Despite the strong percentage bounce, structure remains mixed. Price is still below the earlier spike high at 8.36, which now defines the upper supply zone. The current recovery appears corrective within a broader intraday range.
Key technical levels: Primary support: 7.20–7.25 Current acceptance zone: 7.45–7.55 Immediate resistance: 7.90 Major supply remains near 8.30–8.40 Session high: 9.38 marks the extreme exhaustion point
Volume is moderate with 1.89M BANANA traded and roughly $14.9M USDT in notional value, suggesting active participation but not yet breakout-level continuation.
As long as price holds above 7.20, the bounce remains valid. Acceptance above 7.90 would strengthen the case for a push toward the upper resistance band. Failure to hold current levels risks rotation back into the lower range.
Momentum has shifted short term, but confirmation still depends on reclaiming prior supply.
