$As of May 30, 2025, BounceToken (#AUCTION ) has sharply dropped to $11.05, marking its lowest level in recent weeks. The sudden decline appears to be triggered by a large sell-off—a major holder transferred 130,000 AUCTION to #Binance , putting downward pressure on the price.
📉 Current Technical Picture:
•Support Level:
The $12.78 support was broken, and now it may act as resistance. The next potential support zones are:
•$10.50–a key psychological and technical level.
•$9.80–a historical accumulation zone.
•Resistance Zone:
Now lies between $12.00–12.80. AUCTION must reclaim and hold above this area to signal a potential short-term recovery.
•RSI (Relative Strength Index):
RSI is approaching oversold territory (<30), which often precedes a technical bounce, especially if buyers step in.
🔁 What Might Happen Over the Next 1–2 Days?
•Scenario 1—Sideways Movement or Rebound:
Price may consolidate between $10.5–$12. If a bounce occurs, it could target $12.2–12.8.
•Scenario 2—Continued Drop:
If selling pressure continues, AUCTION could drop below $10.50, possibly testing $9.80 or even $9.00 if panic selling kicks in.
📈 Will There Be a Rebound?
A rebound is possible if:
•RSI enters deep oversold territory and triggers buying interest.
•The broader crypto market stabilizes (especially #bitcoin ($BTC ) and #Ethereum ($ETH ).
•There’s positive news or renewed activity around the #bounce project.
If conditions improve, AUCTION could recover to $13–14 over the next 1–2 weeks. But it must first break and hold above $12.80 to confirm any bullish reversal.
⚠️ Final Thoughts:
AUCTION is currently in a high-risk zone following a major sell-off. The short-term outlook is uncertain, with the potential for either consolidation or further decline. A technical rebound is possible — but fragile.
As always, approach with caution. The crypto market remains highly volatile, especially after big movements like this.
