failed to accumulate multiple times and long liquidation is still high, go to 10usd soon

🚨 $AUCTION /USDT Market Analysis – Is a Rebound Coming? 🚨

🔹 Current Price: $15.72 (-6.09%)
🔹 24h High/Low: $17.18 / $15.46
🔹 24h Volume: 22.55M USDT
🔹 Category: DeFi

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📊 Technical Analysis & Key Insights

✅ Moving Averages (MA):
• Price is below MA(7) - $16.47, MA(25) - $17.27, and MA(99) - $28.35, signaling a bearish trend.

✅ RSI (Relative Strength Index):
• RSI(6): 27.80 (Oversold)
• RSI(12): 33.04 (Weak Momentum)
• RSI(24): 36.53 (Bearish but stabilizing)

⚡ Key Takeaway: RSI indicates oversold conditions, meaning a potential bounce could be coming.

✅ MACD (Moving Average Convergence Divergence):
• MACD Histogram is turning slightly positive, showing early signs of trend reversal.

✅ Volume & Market Sentiment:
• Low trading volume suggests weak buying pressure, but if volume increases at $15.50 - $16.00, we may see a short-term rally.

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📌 Trading Strategy & Outlook

🚀 Potential Buy Zone: $15.00 - $16.00 (If RSI remains oversold and volume picks up).
🎯 Short-Term Target: $17.50 - $18.50 (If bullish momentum builds).
🔝 Long-Term Target: $24.00 - $30.00 (If market conditions improve).
❌ Stop-Loss: Below $15.00 (To limit downside risk).

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💡 Final Thoughts:
• Bearish trend but nearing key support levels.
• A short-term bounce is possible if buying pressure increases.
• Monitor volume and price action closely before entering a trade!

📣 What’s your prediction? Will AUCTION bounce back or continue downward? Drop your thoughts in the comments! 👇🔥

#AUCTION/USDT. #Binance