$AUCTION AUCTION is showing strength with a **12.54% rally** to **$13.91**, demonstrating bullish momentum in the DeFi sector. While the price currently sits just below the MA7 ($14.15), it maintains position above the MA25 ($13.80) and MA99 ($13.16), suggesting underlying buying pressure. The **RSI(6) at 47.22** indicates plenty of room for upside before nearing overbought territory.
**Key Levels to Watch:**
- Immediate resistance at **$14.64** (recent swing high)
- Strong support at **$13.80** (MA25)
- Major resistance at **$15.27** (24h high)
**Market Indicators:**
- MACD shows bullish momentum (**DIF 0.11 > DEA 0.09**)
- Healthy trading volume (**1.81M AUCTION / $25.13M**) confirms interest
- Price needs to reclaim **$14.15** (MA7) for stronger bullish confirmation
**Trading Strategy:**
1) **Breakout Scenario:**
- Enter above **$14.20** targeting **$14.64**
- Secondary target at **$15.27**
- Stop-loss below **$13.50**
2) **Pullback Opportunity:**
- Watch for dip to **$13.80-$14.00** support zone
- Better risk-reward entry if tested
**Conclusion:**
AUCTION shows promising upside potential, particularly if it can clear the **$14.15-$14.64** resistance zone. The current RSI suggests this rally has legs if buying pressure continues.
