Market Overview for Bounce Token (AUCTIONUSDT)

• Bounce Token experienced a sharp rebound after a midday pullback, closing near a 24-hour high on increased volume.
• A bullish engulfing pattern formed around 04:45–05:00 ET, signaling potential upside momentum with a 61.8% Fibonacci level at ~11.46.
• RSI reached overbought territory, but price remained above the 20-period moving average, suggesting strong short-term bullish bias.
• Bollinger Bands tightened midday before a breakout, indicating a shift in volatility and potential continuation of the upward trend.
• Turnover surged during the 22:15–22:30 ET sell-off, showing significant participation in the correction before a rebound began.

Bounce Token (AUCTIONUSDT) opened at 11.27 on 2025-07-20 12:00 ET, reached a high of 11.50, touched a low of 10.97, and closed at 11.44 on 2025-07-21 12:00 ET. Total volume was 147,101.73, and total turnover was 1,658,158.50 (in USDT). The 24-hour session showed a clear reversal from a midday correction.

Structure & Formations

AUCTIONUSDT showed a key bullish engulfing pattern at 04:45–05:00 ET, with the close at 11.44 engulfing the previous candle’s range. This pattern, combined with a 61.8% Fibonacci retracement level at 11.46, suggests potential continuation of the bullish trend. A bearish harami formed earlier at 00:15–00:30 ET, but it was quickly invalidated by a strong rebound. The 11.16–11.23 range acted as strong support, and the price appears to have broken above key resistance levels after 04:00 ET.

Moving Averages

On the 15-minute chart, price closed above the 20-period and 50-period moving averages, reinforcing a bullish bias. The 50-period MA at ~11.32 and the 20-period MA at ~11.38 both appear to be supporting the upward trend. On the daily chart, the price remains above the 200-period MA, indicating a longer-term bullish stance. The 50-period MA is rising and aligns with the 15-minute structure, suggesting strong alignment across timeframes.

MACD & RSI

The MACD crossed into positive territory during the morning hours and remained above the signal line, confirming bullish momentum. The RSI reached 75 during the late-night rebound, entering overbought territory, but it did not show signs of divergence. This suggests the rally may continue, though a pullback to the 50–60 RSI range could offer a more favorable entry point. The RSI’s strength during the rebound indicates strong buyer participation.

Bollinger Bands

A volatility contraction was observed between 19:00–22:00 ET, with price consolidating within a narrow Bollinger Band range. This was followed by a sharp breakout above the upper band at 04:45 ET, indicating a potential continuation of the upward move. Price has remained above the 20-period moving average within the upper band, which is a positive sign for momentum traders.

Volume & Turnover

Volume spiked during the 22:15–22:30 ET sell-off, with a turnover of 11,282.13 during that 15-minute window. This suggests significant selling pressure before the rebound. Conversely, the 04:45–05:00 ET bullish engulfing pattern occurred on moderate volume, which may indicate a more measured continuation rather than a breakout. The price-volume relationship remains aligned, with higher highs coinciding with higher volume, suggesting a healthy bullish trend.

Fibonacci Retracements

Applying Fibonacci to the recent 15-minute swing from 10.98 to 11.50, the 38.2% retracement level is at 11.35, and the 61.8% level is at 11.46. Price has held above the 61.8% level, suggesting a potential target near 11.50. On the daily chart, a larger retracement from the recent low to high shows strong alignment with the 61.8% level at 11.46, reinforcing the potential for a continuation of the bullish trend.

Looking ahead, AUCTIONUSDT appears poised to test key resistance near 11.50, with the 61.8% Fibonacci level providing a psychological and technical ceiling. However, a failure to hold above 11.35 could trigger a pullback toward 11.22. Investors should remain cautious of overbought RSI levels and watch for volume confirmation on any further breakouts.