AUCTION's bullish trend is coming back
AUCTION/USD (Bounce Token Finance)
Sector: DeFi / Decentralized Auctions / RWA
Market Cap: $105M
Bounce Finance is building the infrastructure for decentralized auctions for Blockchain and Real-World assets and collectibles. The project looks very serious and is supported by a lot of investors such as Binance Labs, Coinbase Ventures, Pantera Capital, and many more.
Although the project reached a new capitalization record in December 2023 at almost $300M, almost doubling its record of 2021, it is now at $100M and is not yet a large-cap project, so still has strong upside potential.
Graphically, we can see that the Bear Market's accumulation was surgical, and the price skyrocketed towards the end of 2023, testifying the interest from more and more investors.
Today, we have a great buying opportunity, since the price has fallen by over 60% since the then to test the former resistance level, which shows no sign of giving way. We also note that we are accumulating in a "Descending Wedge" pattern, which is a bullish continuation structure and will be confirmed once we close above the downtrend line.
Sector: DeFi / Decentralized Auctions / RWA
Market Cap: $105M
Bounce Finance is building the infrastructure for decentralized auctions for Blockchain and Real-World assets and collectibles. The project looks very serious and is supported by a lot of investors such as Binance Labs, Coinbase Ventures, Pantera Capital, and many more.
Although the project reached a new capitalization record in December 2023 at almost $300M, almost doubling its record of 2021, it is now at $100M and is not yet a large-cap project, so still has strong upside potential.
Graphically, we can see that the Bear Market's accumulation was surgical, and the price skyrocketed towards the end of 2023, testifying the interest from more and more investors.
Today, we have a great buying opportunity, since the price has fallen by over 60% since the then to test the former resistance level, which shows no sign of giving way. We also note that we are accumulating in a "Descending Wedge" pattern, which is a bullish continuation structure and will be confirmed once we close above the downtrend line.
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