Beware: Massive Whale Dumped This Binance-Listed Altcoin – Deep Price Decline
Whale Activity: A cryptocurrency whale transferred 500,000 Bounce Tokens (AUCTION), worth $15.28 million, to Binance, contributing to a total of $37.81 million in transfers to the exchange.
Market Impact: This transfer led to a significant decline in AUCTION's price, dropping from around $57 to $22, resulting in a 62% loss in value over the last 24 hours.
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Technical Analysis for AUCTION
Technical Sentiment Analysis for Bounce Token (AUCTION) As of , Bounce Token (AUCTION) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for AUCTION stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, AUCTION is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bounce Token (AUCTION) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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