AUCTION/USDT 1H Chart Analysis – Is a Bullish Rebound Ahead?
Current price sits at $13.44, down -6.41% on the day, after rejecting from a high of $15.27. Despite the drop, the chart hints at potential bullish momentum forming.
Technical Insights:
• The price is hovering near the average level (AVL) of $13.49, indicating a possible accumulation zone.
• STOCHRSI (31.88) and MASTOCHRSI (28.51) are both in the oversold region, suggesting a potential reversal if buying interest returns.
• Previous strong spike shows buyers are present — now watching for confirmation of a second wave.
If AUCTION holds above the $13.00–$13.20 support zone and breaks above $13.90, bulls might aim for a retest of $14.70 or higher.
Still early, but signs of bottoming out are appearing. One to monitor closely.