BANANA, a utility token that is integral to the CyberKongz universe, is showing strong bullish signals on the charts.

After breaking out of a textbook falling wedge pattern, the token is currently retesting that breakout level on the daily chart.

BANANA, the utility token that is an integral part of the CyberKongz universe, is displaying strong bullish signals on the charts. After a successful breakout from a textbook falling wedge pattern, the token is currently retesting that breakout level on the daily chart. A successful retest could set the stage for a massive 120-150% rally in the coming days, potentially carrying the token to the $0.7-0.8 levels.

For those unfamiliar, BANANA isn’t your typical token powering a Telegram trading bot for crypto degens. It's the ultimate sniping and trading tool for low-cap tokens on Ethereum, with Solana and Base integration in the works. Known for its speed and precision, the bot generates an impressive $90 million in annual revenue, placing it among the top 20 revenue-generating projects in the crypto sphere.

What sets BANANA apart from the rest? Well, proponents argue that it offers faster execution speed and greater reliability compared to competitors like Unibot, thanks to ongoing updates and optimizations in its underlying infrastructure.

The trading bot has seamlessly integrated features like auto-sniping, MEV-resistant swaps, copy trading, and scam and rug protection. Furthermore, it boasts a deflationary token model where trading fees burn supply and reward holders in ETH, BANANA, and SOL.

While independent assessments of these claims are limited, the token is certainly garnering huge interest. Onchain data reveals that the token has amassed over 300,000 users and enjoys a strong community presence.

With new developments such as a web app launch planned for early 2025, the project is expanding its reach. The main risks could be technical hitches or a surprise competitor, but that seems improbable given BANANA’s current market dominance.

At this point, the token appears undervalued in relation to its fundamentals, and the price hasn't fully reflected its rapid growth. An Ethereum rally would likely boost trading activity, which in turn would increase BANANA's value.

As the token prepares for a potential breakout, keep a close eye on the charts for the next move in this undervalued crypto gem.