$AUCTION – Quick Update
AUCTION (Bounce Token) is surging, outperforming many altcoins, trading with high volatility due to its low supply (~6.5M).
Momentum & Trend:
• Short-term EMA and MACD signals show bullish breakout momentum.
• RSI is in overbought territory (>70), so short-term pullbacks are possible.
• Trend is cautiously bullish but not yet confirmed for a sustained uptrend.
Key Levels to Watch:
🔹 Near-term resistance: $8–$9
🔹 Next breakout target: $10–$12
🔹 Strong bullish acceleration above: $12
Whale & Flow Context:
• Low supply means whales can move price easily.
• Large trades create volume spikes; no clear on-chain whale tracking, but order books show big entries/exits.
Bottom Line:
Short-term bullish, but overbought RSI and mixed medium-term signals suggest possible pullbacks before a sustained climb. Keep an eye on volume and breakout confirmations. 🚀📈
