AUCTIONUSDT: falling wedge about to break-out!!
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Let's analyse AUCTIONUSDT both fundamentally and technically.
FUNDAMENTAL ANALYSIS:
Bounce Token (AUCTION) is a cryptocurrency used on the Bounce finance platform, which facilitates decentralized auctions and token sales. It enables governance participation, pays transaction fees, and rewards users for engaging in the ecosystem. The platform focuses on buying and selling digital assets, including NFTs.
TECHNICAL ANALYSIS:
AUCTION is currently trading within a falling wedge pattern, suggesting a potential reversal. The price is near a key support level, and recent price action indicates accumulation. A significant increase in trading volume over the past 24 hours further supports a bullish trend.
If AUCTION breaks out of the falling wedge, a rapid pump could follow.
Buying Levels:
$12.18 to $13.68 (upper support)
$7.27 to $8.29 (lower support)
Target Levels:
$27.51
$45.85
$71.35
If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments and feel free to request any specific chart analysis you’d like to see.
Happy Trading!!
In-depth market analysis
Accurate trade setups
Early access to trending altcoins
Life-changing profit potential
Let's analyse AUCTIONUSDT both fundamentally and technically.
FUNDAMENTAL ANALYSIS:
Bounce Token (AUCTION) is a cryptocurrency used on the Bounce finance platform, which facilitates decentralized auctions and token sales. It enables governance participation, pays transaction fees, and rewards users for engaging in the ecosystem. The platform focuses on buying and selling digital assets, including NFTs.
TECHNICAL ANALYSIS:
AUCTION is currently trading within a falling wedge pattern, suggesting a potential reversal. The price is near a key support level, and recent price action indicates accumulation. A significant increase in trading volume over the past 24 hours further supports a bullish trend.
If AUCTION breaks out of the falling wedge, a rapid pump could follow.
Buying Levels:
$12.18 to $13.68 (upper support)
$7.27 to $8.29 (lower support)
Target Levels:
$27.51
$45.85
$71.35
If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments and feel free to request any specific chart analysis you’d like to see.
Happy Trading!!
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