A dealer lately made headlines by spending 440 $ETH (roughly $1.5M) to accumulate 21,183 $BANANA tokens at a median worth of $71.14. This important transaction occurred seven hours in the past.
A dealer spent 440 $ETH($1.5M) to purchase 21,183 $BANANA at a median worth of $71.14 7 hours in the past.
This dealer beforehand purchased 18,803 $BANANA($235K) at $12.52 and bought at $26.26, making a revenue of $258K!
Deal with:
0x02F6f73Ebd8D79003EE5d84fB642ca7695882D63 pic.twitter.com/8MJuoHKsjL— Lookonchain (@lookonchain) July 19, 2024
The identical dealer had purchased 18,803 $BANANA for $235K at $12.52 every and bought them at $26.26, leading to a considerable revenue of $258K. The dealer’s pockets handle is 0x02F6f73Ebd8D79003EE5d84fB642ca7695882D63.
Shortly after the dealer’s buy, bananagun-treasury.eth deposited 40,000 $BANANA, value $2.78M, to Binance simply 10 minutes in the past.
bananagun-treasury.eth deposited 40,000 $BANANA($2.78M) to #Binance 10 minutes in the past.https://t.co/DXwkFWrsbW pic.twitter.com/6YHGMo20mV
— Lookonchain (@lookonchain) July 19, 2024
How is BANANA Doing?
An in-depth evaluation exhibits that the worth has lately touched and barely surpassed the higher Bollinger Band at 71.935, suggesting a possible overbought situation. This typically signifies a attainable pullback or consolidation within the close to time period. The center band is round 59.988 and has been appearing as a dynamic assist stage. The value has constantly used this line as some extent of bounce. The decrease band sits round 48.041, displaying the potential vary inside which the worth might fall if a downtrend begins.
4-hour BANANA/USDT Chart | Supply: TradingView
Alternatively, we see that the CCI is at 96.550, which is within the optimistic territory and close to the overbought zone (>100). This implies that the market is presently bullish however approaching an overbought situation. The CCI values point out the market is in an uptrend, however the proximity to the overbought zone suggests the potential for a pullback or consolidation.