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The Bounce Token price soared 111% in the last week and 25% in the last 24 hours to trade at $25.43 as of 12:26 a.m. EST, with trading volume surging 46% to $188 million.
Bounce Token Price Analysis: Bullish Breakout In Play
The AUCTION price has formed a rounded bottom pattern, a classic bullish reversal formation.
The Bounce price recently broke above the 200-period Simple Moving Average (SMA) on the 4-hour chart at $21.75, confirming a strong bullish momentum.
This breakout suggests that the cryptocurrency may be entering an extended uptrend, with the next resistance levels significantly higher.
The price of the Bounce Token is well above the 50 SMA ($18.80) and the 200 SMA ($21.75), confirming a bullish trend, according to GeckoTerminal data.
The sharp rally suggests that buyers are stepping in aggressively after a prolonged consolidation phase.
Meanwhile, the Relative Strength Index (RSI) is currently at 63.27, indicating strong momentum but not yet in the overbought zone (above 70). This suggests there is still room for further upside before the market reaches exhaustion.
AUCTION Price Prediction
With the successful breakout from the rounded bottom pattern and the Bounce Token price moving above key moving averages, AUCTION could target the next psychological resistance at $30, followed by $35-$40.
If bullish momentum continues, a move toward $50 or higher in the longer term is possible.
However, a pullback to retest the $21.75 level as support is possible before further upside. If the price of AUCTION holds above this level, it would confirm the breakout and strengthen the bullish case.
In the meantime, investors are flocking to buy Best Wallet (BEST), which popular YouTuber ClayBro, with over 136K subscribers, says has the potential to soar 10X after launch.
New Web3 Platform Best Wallet Nears $11M Mark In Token Presale
Best Wallet aims to address some common challenges that Web3 wallet users face with traditional options like MetaMask and Trust Wallet.
It combines standard wallet functionality with more advanced features, such as the ability to convert crypto and send the funds directly to bank accounts in over 100 fiat currencies, eliminating the need to route funds through exchanges first.
Investors are pouring into the project, with its presale now garnering over $10.9 million.
One of its key tools is the “Upcoming Tokens” section, a screening tab that helps users spot potential investments before they reach exchanges.
The Fastest Growing Wallet in Crypto!
In a crowded market, Best Wallet delivers the tools you need to gain an edge. 🚀
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— Best Wallet (@BestWalletHQ) December 30, 2024
The feature has already flagged successful launches like Pepe Unchained (PEPU) and Catslap (SLAP), meme coins that delivered 500% and 3,000% gains, respectively, for early investors.
Currently, BEST tokens are priced at $0.0243. Buy before a price hike in less than 12 hours to lock in the best deal.
After purchasing BEST, you can also stake your tokens for a huge 144% annual return.
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