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The Banana Gun price soared 28% in the last 24 hours to trade at $69.78 as of 04:02 a.m. EST on trading volume that skyrocketed 1,231% to $35 million.
This comes after top crypto exchange Binance announced Banana Gun as the first project on the Binance HODLer Airdrops.
Following the airdrop, Binance Spot will officially list BANANA on July 20, with BTC, USDT, BNB, FDUSD, and TRY pairs.
After the announcement, the price of Banana Gun soared as the bulls won the struggle from the $55 range to rally 59% to as high as $86.90.
BANANA then went through a retrace yesterday and has been trading within the 72 range, with price movements forming an ascending triangle pattern on the 1–hour chart, according to data from GeckoTerminal.
Banana Gun Price To Soar Over The Ascending Triangle
The Banana Gun price is currently on a very strong bullish trend, as the price trades well above both the 50-day and 200-day Simple Moving Averages (SMAs).
Moreover, the Relative Strength Index (RSI) trades above the 50-midline level but is heading down, showing that sellers are preparing to sell, which may prompt a downward push below the ascending triangle.
However, the Moving Average Convergence Divergence (MACD) is bullish, rising gracefully above the zero line. With the green bars on the histogram forming above the neutral line, the price of Banana Gun shows that the asset is currently on a positive momentum.
According to the price of Banana Gun analysis, BANANA could be on a bullish rally as investors aim to push the token over the ascending triangle pattern, targeting $82.57.
Conversely, if investors use the RSI to start selling, the price may return to the $61.26 support level (50-day SMA).
Investors looking for cryptos with as bullish an outlook as BANANA might also consider a new presale called The Meme Games (MGME), which has amassed over $160K in funds in just two days since its launch.
According to Jacob Bury, a popular crypto analyst on YouTube, $MGME has the potential to surge 10X after its launch.
The Meme Games ICO Raises Over $160K – Best Meme Coin To Buy Now?
The Meme Games is an innovative gamified meme token project that combines popular crypto meme characters. Such a unique concept rewards presale buyers with token bonuses for winning events, which adds an exciting competitive element.
CRYPTO BREAKING NEWS
The Meme Games raises over $100K on opening day of presale. The Meme Games presale raises over $100K in its first 24 hours, capturing attention in the booming memecoin sector. #partnercontent check us out @ https://t.co/8dh137buUp pic.twitter.com/YwzyP2glE4— InnovatekMobile (@Neome_com) July 17, 2024
The project draws inspiration from the 2024 Olympics, blending crypto meme coin enthusiasm with the spirit of athletic competition.
Participants can choose Dogecoin, Pepe, DogWifHat, Brett, or Turbo and watch them compete for gold medals. Each token purchase lets buyers choose a meme athlete who might win additional tokens.
Selecting a meme athlete takes place randomly and is verified by blockchain technology, which ensures fairness.
Token holders can also earn passively from the project’s staking mechanism by buying and staking $MGME for an impressive percentage yield (APY) of 1,869%.
You can buy $MGME tokens for $0.009 each. But buy soon to lock in the best deal as a price hike will come in less than a day.
To join the presale, buy $MGME from the official website here using ETH, BNB, USDT, or a bank card. Buy now to win a 25% bonus on your investment.
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