Bounce Token (AUCTION) Price Prediction – How Much Will AUCTION Be Worth in 2021?

Bounce Token (AUCTION) Price Prediction – How Much Will AUCTION Be Worth in 2021?
  • Bullish Bounce Token price prediction ranges from $42.4 to $49.8.
  • Bounce Token prices might also reach $60 soon.
  • AUCTION bearish market price prediction for 2021 is $25.17

In Bounce Token (AUCTION) price prediction 2021, we use statistics, price patterns, RSI, and much other information about AUCTION to analyze the future movement of the cryptocurrency. 

Bounce powers an ecosystem of products for auctions. Build, design, connect, collect and trade all kinds of assets, tokens and NFTs across multiple blockchains. Bounce products are available across multiple blockchains for more play, more possibility, more potential. An evolving ecosystem of products that allows all kinds of people to participate in decentralized auctions.

Let us see about the Bounce Token price prediction 2021.

Current Market Status of Bounce Token (AUCTION)

According to CoinGecko, the Bounce Token price is trading at $37.03 with a 24-hour trading volume of $4,917,830, at the time of writing. However, AUCTION has increased by 1.73% in the last 24 hours. 

Currently, Bounce Token trades in cryptocurrency exchanges such as Binance, OKEx, Huobi Global, ZT, and Gate.io.

Bounce Token (AUCTION) Price Prediction 2021

Bounce Token (AUCTION) holds the 286th position on CoinGecko right now. Akropolis price prediction 2021 explained below with a daily time frame. 

AUCTION/USDT Showing Ascending Channel Pattern (Source: TradingView)

The above chart shows the Ascending Channel Pattern of AUCTION.  An ascending channel is the price action that takes place between upper inclining equal trendlines. In fact, higher highs and higher lows form this price pattern.

Currently, AUCTION is waving at $37.16, which already crossed its breakout. After this, AUCTION would continue to follow the pattern where the price chart would show an uptrend. If the trend reverses, then the price of AUCTION may fall to $25.

Bounce Token (AUCTION) Support and Resistance Level

The below chart shows the support and resistance level of Bounce Token (AUCTION). 

AUCTION/USDT Support and Resistance Level (Source: TradingView)

From the above chart, it is observed that the following are the resistance and support levels of AUCTION.

  • Resistance Level 1 – $42.41
  • Resistance Level 2 – $49.82
  • Support Level 1 – $34.7
  • Support Level 2 – $29.73
  • Support Level 3 – $19.72

The chart depicts the bullish performance of AUCTION over the previous month. However, this trend will continue to reach a resistance level at $49.82 soon. Even more, if the trend reversed then AUCTION might fall to $29.73 presenting a bearish signal.

Bounce Token (AUCTION) Average Directional Index (ADX)

Let us now look at Bounce Token’s Average Directional Index (ADX). In particular, the ADX assists traders in examining the strength of a trend rather than its direction. It can also be utilized to find whether the market is changing or if a new trend is starting. It is, however, linked to the Directional Movement Index (DMI).

Moreover, the oscillator has a range of 0 to 100. In addition, a high value represents a strong trend, while a low value represents a weak trend. Furthermore, it is frequently combined with directional indicators.

   AUCTION/USDT ADX (Source: TradingView)

The above chart represents the ADX of AUCTION. Currently, Bounce Token lies in the range at 62.6, so it indicates a strong trend. This shows that the price of ADX can go bullish in the future.

Conclusion

Bounce Token is one of the cryptos which is great for long-term investment. In addition, AUCTION price prediction is bullish for a short-term. It has a good chance of reaching $0.072 within the end of this year. However, this will only happen if many past psychological barriers are broken.

Furthermore, with the advancements and upgrades on the Bounce Token ecosystem, the performance of AUCTION would rise, reaching $49.82 very soon. But, it might also reach $60 if the investors believe that AUCTION is a good investment in 2021.

Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

Cryptocurrency and blockchain tech interest has enticed Carolyna to write for NewsCrypto. She made her personal mission to help non-crypto geeks to understand the technology with ease.