$AUCTION /USDT Price Analysis: Short-Term Momentum ..
$AUCTION /USDT is currently trading at $16.93, reflecting a daily decline of 6.36%. The price has recovered strongly from its intraday low of $15.35, reaching a high of $18.16. This sharp movement suggests increasing buyer activity, creating potential opportunities for short-term gains.
Short-Term Targets to Watch:
1. Target 1: $17.50 – Immediate resistance where a breakout could confirm continued bullish momentum.
2. Target 2: $18.20 – A key level where selling pressure might increase, providing an opportunity for profit booking.
3. Target 3: $19.00 – A potential level if momentum remains strong, indicating further upside potential.
Support Levels:
Primary Support: $16.50 – Immediate fallback zone if the price faces rejection at resistance levels.
Secondary Support: $15.80 – A critical area to monitor if the broader market sentiment weakens.
Traders should carefully monitor volume trends to confirm momentum sustainability. It is advisable to secure partial profits at each target level and utilize a trailing stop-loss strategy to minimize risks during volatile price action.
