- Bounce Token price has shown remarkable growth of almost 83% in the last seven days showcasing bullishness.
- The AUCTION price is far beyond the key moving averages showcasing positive momentum.
Bounce Token price analysis indicates extreme bullishness on the daily technical chart, showing the buyers are highly active. Buyers are exerting pressure and sidelining the sellers. The price is heading in the upward direction, surging 13% in the last 24 hours and 83% in the last week.
The AUCTION price is trading above the exponential moving averages (EMAs) showcasing that the trend is in the favour of the bulls. The analysis indicates the price might take more new highs in the upcoming days.
Moreover, according to etherscan data, the token holder count is increasing and the top 100 holders collectively own 97.85% of Bounce Token. According to CMC data, currently, the Bounce Token price is at $45.89, with an intraday gain of 13%, showing extreme bullishness on technical charts. Moreover, the 24 trading volume increased by 59.49% currently at $498.91 million while the market cap is around $300 million.
As per the technical summary on TradingView, out of 26 indicators, 3 are on the sell side, 9 are on the neutral side and 14 are on the buy side signaling a bullish trend.
Will Bounce Token Break Above the $50 Mark?
The MACD indicator is heading in the upper direction with a green histogram showing bullish momentum. Its RSI is also following a bullish momentum trading at 85.40 above the 14-day SMA suggesting AUCTION is in an overbought state.
Bounce Token price is trading with the upper Bollinger band and is above the median line. The current behavior of the indicator shows a robust uptrend in the AUCTION price and also the possibility of reaching new highs in upcoming sessions.
According to price analysis, Bounce Token demonstrates bullish momentum, surging 83% in a week. Trading above key EMAs, with strong RSI and MACD indicators, buyers aim to push prices beyond $50, signaling confidence and potential for further gains.
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