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Banana Coin is now bouncing back and forth between $0.0043 and $0.0047. The trading volume is quite fierce, with an average daily volume of 20 to 30 million USD, significantly more active than yesterday.
From a candlestick perspective, the bulls are still holding on at the small support level, with some buying momentum in the short term. Many are waiting to see if the $0.0046 barrier can be broken. But here’s the interesting part—each time it gets close, profit-taking tends to occur, creating a repeated oscillation.
Even crazier things are happening on the derivatives side. In the past 24 hours, the single-day liquidation amount reached as high as $2.904 million—of which longs were liquidated for $1.558 million, and shorts also didn’t fare well, losing $1.346 million. Both bulls and bears have been taken out in this wave of market movement. This is the true picture of memecoin trading: volatility is outrageously high, completely driven by emotion and hype.
To put it simply, coins like BANANAS31 are just a psychological game. Want to participate? You need three things: first, a strong heart; second, a light position; third, the ability to run fast. This kind of market rhythm is purely gambling—no one can accurately predict what will happen in the next second. Weigh the risks carefully before acting, and don’t let your account balance become a psychological shadow.