📊 Analysis of
$AUCTION (Bounce Token) Long Position
📈 Reasons for Recommending a LONG Position
1.
Strong Technical Momentum
RSI (Relative Strength Index): Currently at 85.27, placing it in the 98.8th percentile, indicating overbought conditions but also strong momentum.
MACD (Moving Average Convergence Divergence): A Golden Cross has occurred at the 88th percentile, confirming an upward trend.
ADX (Average Directional Index): At 35.72, suggesting a strong and clear trend.
Price Movement: The price has surged by 76.7% in the past 24 hours, rising from $5.03 to $8.88.
2.
Recent Positive Developments
House Protocol Announcement: On January 22, 2026, House Protocol introduced a new feature allowing anyone holding 1 million
#AUCTİON tokens to create auctions without needing a whitelist.
WhaleAI Investment: WhaleAI has recently opened a position in
$AUCTION , highlighting its long-term potential.
Platform Growth: The House platform is actively developing new features, indicating ongoing progress.
3.
Favorable Holder Structure
Top Holder Concentration:
Upbit: 34.41%
Bounce Finance: 13.75%
Binance: 9.65%
Distribution: The token is well-distributed, reducing the risk of a rug pull.
Exchange Listings: Listed on 49 centralized exchanges, including Binance, OKX, Kraken, and Coinbase.
4.
Positive On-Chain Cash Flow
January 24: Inflow of $1.65 million versus an outflow of $2.34 million, indicating slight selling pressure.
Past Week: Stable inflows suggest sustained investor interest.
💡 Trading Strategy
For active traders:
*
Entry Point: Wait for a slight pullback to the 7.80–\8.00 range for a safer entry.
*
Take Profit Targets:
TP1: $9.50 (partial profit-taking)
TP2: $10.50 (main target)
*
Stop Loss: Set at $7.20 (if the price breaks below this support level)
Nothing in this world is free.
Trade Here 👇
$AUCTION $NOM #market #Altcoins!