Blur (BLUR) and Bounce Token (AUCTION) Confirm Retests After Major Breakouts: What’s Next?

Date: Sat, Dec 14, 2024, 06:16 AM GMT

The cryptocurrency market is bouncing back strongly after this week’s earlier brief correction, and two tokens—Blur (BLUR) and Bounce Token (AUCTION)—are in the spotlight.

Both have posted impressive gains today, with BLUR up over 13% and AUCTION climbing 12%. These tokens recently staged significant breakouts, with BLUR gaining 75% and AUCTION rising 41% from their respective downtrends.

Source: Coinmarketcap

Blur (BLUR):

Blur has been riding a wave of bullish momentum, finally breaking out of a long-standing Descending Triangle pattern on November 30, 2024. This 2-year-long formation ended when BLUR surged past its resistance trendline, reaching a local high of $0.45.

Following this breakout, the token pulled back slightly to retest its former resistance near $0.30, which is now acting as solid support. This retest confirmed the breakout’s strength, and BLUR has since rebounded to $0.43651, hovering near a key resistance zone.

The next big move? If BLUR manages to break past $0.49, it could soar toward the $0.83 level—a potential 90% gain from its current price.

Bounce Token (AUCTION):

Auction has followed a similar bullish trajectory, breaking out of its Descending Triangle pattern on November 27, 2024. The breakout ignited a rally, with the price surging to $23.66 before the recent market-wide correction.

Like BLUR, AUCTION has also retested its former resistance line, now turned support, at $14.24. The token has since rebounded strongly and is currently trading at $20.52.

What’s next? If AUCTION can reclaim its recent high of $23.66, it may target $32—a potential 55% increase from today’s price.

What’s Next?

Both BLUR and AUCTION are showing resilience by confirming their breakouts with successful retests and maintaining critical support levels. These moves suggest the tokens are gearing up for potential further upside in the coming weeks.

However, as always, exercise caution and do your research before investing.

Disclaimer: This article is for informational purposes only and not financial advice. Always do your own due diligence before making investment decisions.

Also Read: XRP Gains Momentum Ahead Of Key Breakout: Are More Gains Ahead?