Current Price: ~$11.94 (Intraday gain: +0.81%)
Technical Indicators
Moving Averages (MA & EMA): Short-term moving averages indicate a strong sell, suggesting bearish short-term momentum.
RSI: Currently neutral; neither overbought nor oversold.
MACD: Bearish crossover with the MACD line below the signal line.
Bollinger Bands: Price near lower band, implying either oversold condition or continuation of bearish trend.
Candlestick Patterns: No strong reversal signals observed.
Market Dynamics
Volume: Elevated trading volume, possibly indicating increased selling activity.
Order Book & Market Depth: More sell orders than buy orders, reinforcing downside potential.
On-Chain Metrics
Active Addresses: Up 30%, suggesting increased investor activity or concern.
Transaction Volume: Increased by 25%, reflecting higher network usage.
Supply Distribution: Whale transfers to exchanges hint at short-term sell pressure.
News & Sentiment Analysis
Social & News Sentiment: Negative bias due to whale activities and potential selloffs.
External Conditions
Global Economic Trends & Fiat Movements: No notable changes currently affecting AUCTION.
Market Liquidity & Speculative Behavior: Selling dominance; risk-averse behavior visible.
Traditional Market Correlation & Futures/Options: No critical divergence observed yet.
Funding Rates & Market Phase: Neutral-to-bearish setup in derivatives markets.
CONCLUSSION If bounce token cross limit of 12.5 then it ll be sure bullish signal