CryptoAutos Bounces From Support, Targets $0.015 After Trendline Break

Support at $0.0129 remains firm as CryptoAutos avoids further downside, stabilizing the lower boundary of its current range.

Breakout above the descending trendline suggests short-term bullish structure, targeting resistance near $0.01461.

Price projects upward path with structured recovery forming between $0.01350 and $0.01500, pending volume confirmation.

CryptoAutos (AUTOS) is trading at $0.01321, with a marginal 0.2% increase in the last 24 hours. The pair, listed on GATEIO, has shown mixed sentiment across the trading day. After a period of relative consolidation, the token dropped early on June 26 but quickly rebounded. While the market opened lower, sellers failed to break beneath the established support at $0.0129

Currently, a short-term recovery wave is in motion, with focus shifting toward the immediate resistance zone at $0.01461. Analysts are closely tracking whether momentum sustains through the intraday sessions.

Support Holds Despite Downtrend Pressure

The price briefly slipped under a descending trendline but did not breach the support base at $0.0129. This area has remained intact over several hourly tests, suggesting that buyers continue to defend this level. Notably, a recent bounce just above the support created a higher low pattern on the short-term chart. Such formations often signal price strength in early stages.

Importantly, despite recent volatility, there has been no sharp volume surge, implying a cautious but structured push upward. If the price maintains this trajectory above the broken trendline, it could open a path toward the next resistance band.

Resistance in Focus as Price Forms Recovery Leg

AUTOS now approaches a recovery zone marked between $0.01350 and $0.01461. This region previously rejected upward attempts. The resistance area coincides with the fresh price spike that preceded the present pullback. Short-term traders would also watch to see what the price would do within this range, especially when it closes above 0.01350 on good momentum volume.

The current path remains sensitive to near-term volume increases, especially as recovery legs often face rejection without significant follow-through. However, for now, price structure remains orderly, showing progressive moves above prior hourly candles.

Price Path Suggests a Structured Upside Wave

From the 24-hour chart structure, the price pattern has shaped into an upward projection. This is further supported by the break above the trendline, confirmed on lower time frames. The plotted trajectory now targets a move beyond $0.01400 and potentially toward $0.01500.

That said, the $0.01461 resistance level could act as a local ceiling unless stronger volume accompanies the rise. As of this writing, AUTOS trades slightly above the mid-range, with local activity concentrated near $0.01320. The setup remains technical, bounded between support at $0.0129 and resistance at $0.01461.