$AUCTION is currently trading at 3.787 USDT which is around Rs1050.97. It is up by 20.61 percent in the last 24 hours. It is the fourth top gainer on your list.
The move looks like part of the overall market pump today. ZKC PROM and ZKP are also up a lot. So risk appetite is back in altcoins. AUCTION is from Bounce Finance and it is related to decentralized auctions and NFTs.
From the chart it looks like AUCTION was sideways for the first 15 hours between 3.10 and 3.30. Then in the last 8 to 9 hours it broke out and moved up strongly to 3.787. The last few candles are the strongest which shows buying pressure came late.
Three things to watch now. First, 3.787 is the current high so if it holds above this level we can see 4.00 as next target. Second, volume should confirm this breakout. If volume drops we can see a pullback to 3.50 area. Third, 20 percent moves can reverse fast so do not enter with full size. Take it slow.
#AUCTİON #AUCTION #AUCTION/USDT. #Top8Coins #Top_Gainers
The move looks like part of the overall market pump today. ZKC PROM and ZKP are also up a lot. So risk appetite is back in altcoins. AUCTION is from Bounce Finance and it is related to decentralized auctions and NFTs.
From the chart it looks like AUCTION was sideways for the first 15 hours between 3.10 and 3.30. Then in the last 8 to 9 hours it broke out and moved up strongly to 3.787. The last few candles are the strongest which shows buying pressure came late.
Three things to watch now. First, 3.787 is the current high so if it holds above this level we can see 4.00 as next target. Second, volume should confirm this breakout. If volume drops we can see a pullback to 3.50 area. Third, 20 percent moves can reverse fast so do not enter with full size. Take it slow.
#AUCTİON #AUCTION #AUCTION/USDT. #Top8Coins #Top_Gainers
