{"id":634849,"date":"2025-03-12T04:03:32","date_gmt":"2025-03-12T04:03:32","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=634849"},"modified":"2025-03-12T04:03:32","modified_gmt":"2025-03-12T04:03:32","slug":"banana-gun-price-prediction-banana-soars-42-but-experts-say-this-meme-coin-could-be-the-next-100x-crypto","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/sponsored\/banana-gun-price-prediction-banana-soars-42-but-experts-say-this-meme-coin-could-be-the-next-100x-crypto","title":{"rendered":"Banana Gun Price Prediction: BANANA Soars 42%, But Experts Say This Meme Coin Could Be The Next 100X Crypto"},"content":{"rendered":"

The Banana Gun price surged over 42% in the last 24 hours to trade at $15.71 as of 10:21 p.m. EST as investors rush to buy the altcoin.<\/span><\/p>\n

With the strong 24-hour rise, the BANANA price has managed to push its weekly performance into the green zone. As a result, the crypto is up 7% over the past 7 days.<\/span><\/p>\n

Banana Gun Price Retraces<\/span><\/h2>\n

\"BANANA<\/p>\n

4-hour chart for BANANA\/USD (Source: <\/span>GeckoTerminal<\/span>)<\/span><\/p>\n

The Banana Gun price underwent a correction in the last couple of hours as traders likely realized their profits from the recent surge, data from <\/span>GeckoTerminal<\/span><\/a> shows. As a result, the <\/span>crypto<\/span><\/a> is now testing the support level at $15.25. Should it drop below this technical safety net within the next 12 hours, it could be at risk of plunging to the subsequent support at $13.29.<\/span><\/p>\n

However, traders identifying the Banana Gun price’s current level as a buy opportunity could result in a more bullish scenario playing out in the short term. BANANA might then try to recover back above the $17.42 mark after falling below this price point in the recent correction. A 4-hour candle close above this level could then lead to the Banana Gun price rising to $19.27.<\/span><\/p>\n

Technicals Warn The Banana Gun Price Correction Is Not Over Yet<\/span><\/h2>\n

From a technical standpoint, indicators on the <\/span>crypto’s<\/span><\/a> 4-hour chart warn the Banana Gun price has reached a peak. Both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) are showing early bearish signs.<\/span><\/p>\n

That’s after RSI readings dropped from overbought territory above 70 to the low 60s. Generally, falling RSI readings are interpreted as a sign of diminishing buyer strength. With the negative slope of the RSI line, it seems that sellers are still accumulating strength against buyers.<\/span><\/p>\n

Meanwhile, the MACD line has started to collapse towards the MACD Signal line in the last couple of hours. While the positioning of the former above the latter is bullish, the shrinking margin between the two lines warns that BANANA’s bullish phase might be approaching its end.<\/span><\/p>\n

While the Banana Gun price starts to pullback, investors are FOMO buying a new meme coin called <\/span>Meme Index (MEMEX)<\/span><\/a> before it’s too late. 99Bitcoins, a popular crypto channel on YouTube with over 725K subscribers, says the meme coin has the potential to be the next 100X crypto.<\/span><\/p>\n