$AUCTION (Perp)
$AUCTION is trying to stabilize after a sharp sell-off, with buyers slowly stepping back in.
Price Update
Price: $5.446
24H Change: +2.31%
Intraday High: $5.459
Intraday Low: $5.256
What’s Happening
Price flushed hard into the $5.24 demand zone, where selling pressure finally cooled off. The bounce that followed looks controlled, not explosive — a sign of cautious accumulation. Volume picked up on the recovery, but price is still below higher resistance and major moving averages, keeping the structure fragile for now.
Key Levels
Support: $5.35 – $5.24
Major Support: $5.20
Resistance: $5.48 – $5.56
Major Resistance: $5.65 – $5.85
Trend
Short-term: Relief bounce
Overall structure: Bearish to neutral
Trade Idea
If $AUCTION holds above $5.35 and reclaims $5.56, upside continuation toward $5.70 – $5.85 becomes possible.
If price fails to hold $5.35, expect another dip toward $5.24 – $5.20 before any meaningful move.
This is a recovery phase, not a confirmed reversal yet. Let price prove strength before getting aggressive.