$AUCTION is trading around 5.47 USDT, up +1.67%, after a strong bounce from the 5.28 low. Price surged aggressively to 5.63, then cooled down into a tight pullback, a classic sign of strength, not exhaustion.
The 15 minute chart shows higher highs and higher lows, with buyers clearly defending dips. That sharp impulse candle followed by controlled retracement often signals continuation rather than reversal. Volume remains active with 298K AUCTION traded and 1.63M USDT in 24h, confirming real interest behind the move.
As long as AUCTION holds above 5.40–5.44, the bullish structure stays intact. A clean break and hold above 5.63 can open a fast move toward the next resistance zone. This is DeFi momentum waking up, not random noise.
Support: 5.28 / 5.40
Resistance: 5.63
Trend: Short term bullish
Structure: Impulse then consolidation
