AUCTION/USDT will rise again.
Key Points for Potential Price Recovery:
1. Technical Analysis:
The current trend is downward (clear signs of decline).
The 15-minute chart shows that the 7, 25, and 99 MA (moving averages) are also trending downward.
MACD and RSI indicate weakness.
2. Support Levels:
The current price is $28.89, and the lowest recorded price was $28.45.
If these levels hold, the price might bounce back.
3. Resistance Levels:
If the price moves up, the key resistance levels are around $31, $40, and $52.
Potential Price Targets:
If the trading volume increases and positive news supports it, the price could reach $35-$40.
If the market remains weak, it may drop further.