🔍 Current situation
Today's Bounce price (AUCTION) ranges between $10.55 and $11.85, according to sources like CoinGecko and Kraken, showing a decline of about -6% to -8.9% over 24 hours.
---
🧠 Why did the price drop today?
1. Selling activity from whales
There does not appear to be any significant new transfer from whales today, but the AUCTION market remains highly sensitive to major sales from large investor wallets if they occur, which immediately pressures the price.
2. Weak liquidity and market sensitivity
The small-cap market is prone to sharp volatility, and any selling could trigger a panic and bring an additional wave of selling from individual investors.
3. Negative technical indicators
Zimmer prices call for dominant support levels around $10.82, while resistance lies around $11.98.
Recent technical analyses indicate 'sell' signals entirely from several indicators, including moving averages and RSI; supporting the negative market trend.
4. Weak market sentiment
Trading sentiment shows a state of 'fear' or 'unstable greed', according to the Fear & Greed index, reflecting a tendency towards selling to preserve profits.
---
📊 Summary of reasons for today's decline:
Reason Explanation
Sale from whales (repeated) Any selling activity, even if minor, puts direct pressure on the currency price.
Low liquidity and a small market make the price move quickly in negative directions.
Negative technical signals Support price around ~$10.82, but overall indicators point towards selling.
Collective psychological impact Shareholder panic exacerbates the decline.
---
🧭 What do experts expect?
Short-term expectations remain partially optimistic: some platforms suggest a possibility of the price reaching $10.82 in the coming hours if the trend continues.
But the medium to long-term outlook is mixed: while some forecasts suggest a rise that could reach $12.20–$12.50 during August/September 2025, another analysis expects the price to continue declining towards $9–$8 depending on overall market conditions.
---
✅ Summary of the day:
The drop in AUCTION today is a cumulative result of technical and market factors rather than a sudden reason or single event. Dealing with such high-volatility tokens requires monitoring large wallet movements, analyzing liquidity, and following psychological technical indicators.