🚨
$AUCTION Market Update 🚨
The AUCTION/USDT chart is showing an interesting structure across timeframes. Let’s break it down 👇
📊 Higher Timeframe (1M Chart)
• Price currently around $4.75
• The market has been in a long-term downtrend after the previous spike toward $68
• Heavy correction over the past year (~81% down)
• However, price is now approaching a strong historical demand zone
⚡ Lower Timeframe (1H Chart)
• Short-term momentum turning bullish
• Price broke above short-term moving averages
• MACD turning positive showing increasing buying pressure
• Resistance forming around $4.77 – $5.00
🎯 Key Levels to Watch Support: $4.60 – $4.70
Resistance: $5.00 – $5.50
🔥 If buyers push above $5, we could see a short-term momentum rally.
⚠️ But remember:
The higher timeframe trend is still weak, so volatility can remain high.
👀 Watch closely — this zone often decides the next big move.
#AUCTION #AUCTIONUSDT #CryptoAnalysis #AltcoinSeason #write2earn🌐💹 $ETH $USDC