$AUCTION Market Update 🚀🚀
#AUCTION recorded a strong upside move, gaining over 42% in the last 24 hours, driven by heavy trading activity and rising community attention.
🔹 Price Action
Sharp rally followed by consolidation near the $6.9–$7.0 zone.
Structure remains bullish on the short term, but momentum is cooling after the surge.
📊 Technical Overview
EMA Trend: EMA7 > EMA25 > EMA99, confirming a short-term uptrend.
Momentum: MACD histogram has turned negative, signaling slowing bullish momentum.
RSI: Previously overbought, followed by a healthy pullback.
💧 Volume & Flow
Strong volume during the rally indicates aggressive participation.
High money flow concentration suggests potential for sudden volatility if large holders act.
🧠 Outlook Trend remains bullish but cautious. After a strong rally, AUCTION may see consolidation or sharp swings before any continuation. Risk management is key at these levels.
