Auction at a Crossroads: Will it Rebound or Slip? đ€đ
Auction ($AUCTION ) has been on a rollercoaster ride in 2024, but recent price action shows it's struggling to regain the highs of mid-year. Currently trading at $14.44, the chart shows a slight upward momentum, but the overall downtrend is still a concern. The 25-day and 99-day moving averages are hovering close, and the token is finding resistance near $16.
Volume has been relatively low after a big spike in late July, suggesting that buyers may be cautious. To break out of this range, we need to see a significant uptick in volume, otherwise, the price could head back towards the $12 mark. If you're bullish, keep an eye out for a breakout above $16, but donât be surprised if the token struggles to maintain its recent gains.
Will Auction stage a comeback, or is this just a temporary breather before another drop? Time will tell! đđ„
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