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The Bounce Token price has plummeted 47% in the last 24 hours to trade at $28.70 as of 11:11 p.m. EST on a 93% increase in trading volume to $1.29 billion.
The steep decline follows a two-week period in which the AUCTION price soared over 480%. Analysts point to several potential catalysts for the implosion, including Bitcoin’s recent fluctuations and heavy profit-taking.
Data from Coinglass also indicates an increase in AUCTION long liquidations, hinting at over-leveraged positions unwinding rapidly, a phenomenon which increased the dump in the Bounce price.
Bounce Token Price Cools Off After A Heated Rally
The AUCTION price chart shows that the recent decline may be just a pullback before another move higher. Despite the strong uptrend, supported by a parabolic curve, the price has sharply corrected from its recent high of $67.27 and is now consolidating in the $30–$34 range.
A large bearish candle followed the sharp rally, signaling a correction phase, but the wick on the most recent candle indicates buying pressure around $30–$32. Additionally, the latest volume spike on the drop points to profit-taking and stop-loss triggers rather than a full trend reversal.
AUCTIONUSDT Analysis Source: Tradingview
AUCTION Poised For 229% Surge As Golden Cross Signals Bullish Rally
The Relative Strength Index (RSI) currently sits at 47.33, reflecting a decline from overbought conditions. This shows a cooldown phase with room for a potential bounce. Notably, the AUCTION price is now at $28.70, just below the key 0.618 Fibonacci retracement level highlighted in the chart.
If the price rebounds from this level, the price could rally toward the 0.618 Fibonacci extension at approximately $101.86, a 229% surge from the current level.
This bullish scenario is further reinforced by a Golden Cross that appeared on the 12-hour chart on March 13, a signal that often precedes the upward momentum.
Should AUCTION bulls push the price higher, the next key resistance stands at $45.88, followed by $67.27, the previous high. A breakout beyond this zone could drive the asset to new all-time highs.
Conversely, if traders continue increasing short positions, the price may drop below $32, signaling market weakness.
In that case, the Bounce Token price would find support at the 50-day and 200-day Simple Moving Averages (SMA), which provide strong dynamic support at $24.05 and $16.86, respectively.
Meme Index Presale Zooms Past $4.1M – Only 8 Days Left
As traders indulge in heavy profit-taking on Bounce Token, the Meme Index (MEMEX) presale is redefining how investors can approach the high-risk, high-reward meme coin sector.
The project has already gained strong attention and has just cruised past $4.1 million in funds raised in its presale.
Unlike traditional meme coin investments that rely on the success of a single token, MEMEX offers a diversified, portfolio-based approach through its native token, MEMEX.
Meme Index provides four distinct investment baskets designed to suit different risk appetites.
The Meme Titan Index includes leading meme coins like DOGE and PEPE, boasting market caps of over $1 billion.
Meanwhile, the Moonshot Index focuses on promising tokens with market caps ranging from $250 million to $1 billion.
If only there was a utility that would diversify your investment in these bearish times and keep YOU in profit.
Oh, Wait! $MEMEX 🔥https://t.co/7P9aYCaBEn pic.twitter.com/RXsKYXyupy
— Meme Index (@memecoin_index) March 11, 2025
The Midcap Index targets growing meme coins in the $50 million to $250 million range.
Finally, the Meme Frenzy Index is a high-risk play on emerging tokens with market caps under $50 million.
This structured approach helps investors manage the extreme volatility of individual meme coins while gaining exposure to a carefully curated selection of projects.
The MEMEX token serves as the gateway to this ecosystem. It not only grants access to these indexes but also doubles as a governance token.
Holders can vote on which meme coins populate each index, ensuring the platform evolves with community sentiment.
Early adopters also benefit from staking rewards, currently boasting a 551% annual return.
Analyst and YouTuber Crypto Nautic, with over 102K subscribers, says MEMEX ”Is The One Coin To Rule Them All.”
Final Call To Buy MEMEX
Investors can buy Meme Index tokens for $0.0166883 each using ETH, USDT, BNB, or a bank card.
Buy before the project lists in about 8 days.
Visit the official Meme Index website.
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