Meme coins Banana For Scale (BANANAS31), SPX6900, and BUILDon have demonstrated significant price movements amid crucial technical support and resistance levels, with varying correlations to Bitcoin and community-driven momentum.
Banana For Scale surged 27% to establish a new all-time high of $0.0167, propelled by its community base exceeding 124,000 holders. The rally originated from robust support at $0.0120, though analysts caution that failure to maintain this level could precipitate a decline toward $0.0078 amid vulnerability to major sell-offs.
SPX6900 registered a 12% price increase to $1.36 while confronting substantial resistance at $1.42. Technical indicators suggest potential for extended gains if this barrier is decisively overcome, spotlighting critical momentum thresholds.
BUILDon gained 7.2% to test resistance at $0.364, exhibiting significant correlation to Bitcoin with a coefficient of 0.62. Its ongoing trajectory hinges on converting resistance at $0.364 into support – failure could trigger a retreat toward $0.310, underscoring Bitcoin’s influence on its valuation.