$AUCTION
/USDT Technical Analysis 🎯
The AUCTION/USDT trading pair has demonstrated remarkable movement, gaining +23.89% over the past 24 hours. Here's a breakdown of the technical levels to watch and potential price targets:
Key Levels:
1️⃣ Support Zone: $20.50 - $21.00
A strong demand zone where buyers are actively stepping in to defend the price.
2️⃣ Immediate Resistance: $22.50
The price is testing this level, and a breakout could push it higher.
3️⃣ Potential Targets:
🎯 Target 1: $23.00
If momentum sustains, reaching $23.00 seems achievable in the short term.
🎯 Target 2: $24.50
A breakout above the current high of $22.58 may propel the price toward this medium-term level.
🎯 Target 3: $26.00
If bullish sentiment continues, $26.00 could be the long-term target in this trend.
Indicators to Note:
RSI: Overbought territory, indicating strong bullish momentum.
MACD: Positive crossover supports a continuation of the uptrend.
Market Insight:
With increasing volume and strong buyer interest, AUCTION/USDT remains a top gainer in the DeFi category. Watch for price reactions near the resistance to confirm the trend.
Stay updated for the next move and trade wisely!
