$AUCTION

usdt Technical analysis

$AUCTION has been forming a bullish structure after bouncing off the $11.00 support area. The price is showing signs of strength, pushing toward key resistance. Momentum indicators (like RSI) suggest it’s entering an overbought zone, so caution near resistance is advised.

🔑 Key Levels

Support Levels:

$12.60 – $12.80 → Immediate support (retest zone)

$11.90 – $12.00 → Strong support (base of last bounce)

$11.00 → Major support (multi-week bottom)

Resistance Levels:

$13.50 → Short-term resistance (watch for rejection)

$14.20 → Key breakout level

$15.60 – $16.00 → High-timeframe resistance (target for breakout rally)

For Long Setup:

Entry: Pullback toward $12.80 – $13.00

Target 1: $13.50

Target 2: $14.20

Stop-loss: Below $12.50

Short Setup (if rejected near resistance):

Entry: $13.50 – $13.70

Target: $12.80

Stop-loss: Above $14.00

Watch volume closely – breakout above $13.50 with strong volume is bullish

4H close above $13.50 will confirm continuation toward $14.20 and beyond.

Rejection at $13.50 could lead to a retest of $12.80–$13.00.

Monitor BTC/ETH trends – they affect AUCTION’s volatility.