auction 3.45u, it’s slipped back again.
This coin has been edging down for a year. Last September it was still above 10u; this July it bottomed out around 2.86. There were several rebounds in between, but none of them managed to hold.
The wave at the start of this year looks most like what’s happening now. It was pulled from 5.25 up to 8u—up more than fifty percent. But it didn’t manage to keep the gains that month. February dropped back to 5.4, March to 4.44—down layer by layer.
This time it was pulled from 2.73 at the start of the month to 4.29, again more than fifty percent, with the same kind of range. With circulating supply of a bit over 7 million, the total is also only a bit over 7 million. And there’s no unlocked supply overhead being held down, so the sell-off from yesterday wasn’t from unlocked shares—it was people holding it selling on their own.
After a year of decline, one bullish candle won’t solve the problem. Bearish: 3.15 is the last line for this wave. If it breaks, it’ll directly drop back to that 2.7 area.
Of course, it’s not like it’s completely dead. With old coins like this, if real money really comes in one day, it can still rise. But not this time.
#auction $AUCTION