Over the past four hours, Bounce Token (AUCTION) has experienced notable volatility against Tether (USDT). The trading pair opened at approximately $11.45, dipped to a low of $11.47, and then surged to an intraday high of $12.42. Currently, the price hovers around $12.18, reflecting a gain of 6.28% from the previous close.
Technical indicators on the 4-hour chart suggest a cautious market sentiment. The Relative Strength Index (RSI) stands at 54, indicating that the asset is in a neutral state. The Moving Average Convergence Divergence (MACD) shows a bullish crossover, suggesting upward momentum. Support levels are identified at $11.45 and $11.50, while resistance levels are at $12.42 and $12.50.
Investors should monitor key support and resistance levels. A sustained move above the $12.42 resistance could signal a potential bullish reversal, while a drop below the $11.50 support might indicate a continuation of the bearish trend. Given the current market dynamics, traders are advised to exercise caution and employ appropriate risk management strategies.
For real-time updates and detailed charts, you can visit TradingView or CoinMarketCap.
