🚀 AUCTION REBOUND: THE SLEEPING GIANT WAKES UP? 🚀
After a long period of silence and a -11% weekly slide, Bounce (AUCTION) just caught a fresh bid at $4.80, surging +4.06% in the last 24 hours as buyers step back into the auction ring.
The Double Bottom: AUCTION successfully defended the $4.73 local low, creating a potential "Double Bottom" pattern which is a strong bullish reversal signal.
Bullish Divergence: There is a clear bullish divergence on the 14-candle RSI; while the price was making lower lows, the strength was increasing, signaling a hidden trend shift.
Extreme Oversold Zone: The daily StochRSI hit as low as 23.81, meaning the "dump" has likely exhausted itself and a relief rally is overdue.
Resistance Barrier: The immediate hurdle is the 7-day SMA at $5.37; a breakout above this level could trigger a fast move back to $6.00+.
This isn't just a random bounce; it's a "Liquidity Sweep." Whales allowed AUCTION to drop below the psychological $5.00 mark to flush out weak retail hands and hunt for stop-losses. Now that the market has "cleansed" the over-leveraged longs, the path toward the next $5.50 - $6.28 supply zone looks much clearer. Smart money is betting on the "Bounce" platform's utility as Bitcoin dominance stabilizes.
The best time to buy is often when the "Fear & Greed Index" is at its lowest. However, don't go all-in. Reclaiming the $5.00 level is the first major test of strength. If AUCTION stays below $4.70, the bullish setup is invalidated. Always trade with a plan, not a prayer.
Is this the "Ultimate Bottom" for AUCTION, or are we just pausing before another drop to $4.00?
Drop your votes: 🚀 (Pump) or 📉 (Dump) below!
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