$AUCTION This week's market is such that no one seems to have noticed, but there has been a token that rebounded 160%! That's right, it's AUCTION! At the request of a fellow enthusiast, let's analyze it!
① This token has been remarkably resilient since February, showing an independent bull market, with its low point rebounding by 316%, quite impressive!
② Recently, the price has surged, and there have been unusual movements in on-chain data, with over 25% of Binance addresses being withdrawn. This has given confidence to holders and observers, though it remains to be seen whether this portion of the tokens is genuinely being accumulated on-chain or just consolidated in wallets. Currently, we need to observe; the price has skyrocketed more than three times, and it remains to be seen whether token withdrawals to on-chain will continue or if the project team has any major announcements. Some capital and giants may have learned in advance and accumulated a large number of tokens, and whether retail investors can continue to buy in to push the price higher is yet to be seen!
③ Chasing the rise is definitely not recommended!
④ Support levels are 20.2/14.9/11.4, and the critical point at this moment is 25.6. If it holds, it can push towards 30/34.5! If it stands firm at 34.5, it could even aim for 40. If this situation really occurs, this token may ignite a massive explosion in the market in March, as it indicates that once altcoins start to rebound, they can easily multiply in value, deeply stirring up 'human' greed!
⑤ It is recommended for those who are trapped to seize the opportunity to break even and reduce holdings. For those who missed the low-position layout, just quietly watch the market makers perform. If you dare to say the market makers' tricks, then only next time can you accumulate market awareness!
