#CryptoTrading. #Signal🚥.

📊Technical Analysis (1 hour) $PUMP /USDT

1. Price and Trend: The current price is 0.004427 USD, down 20.41%. The chart shows a clear downtrend, confirmed by the moving average (MA) and the moving average (MA), which are also pointing down. This indicates a strong bear market.

2. Technical Indicators:

• Bollinger Bands (20, 2): The price is approaching the lower limit (DN: 0.004157), which may signal oversold conditions, but without signs of a reversal.

• MACD: The Differential (DIF: -0.000262) and the Signal Line (DEA: -0.000238) are below the zero mark, with a negative MACD value (-0.000023), confirming bearish momentum.

• Stochastic RSI: The values of 12.115948 (fast) and 8.130726 (slow) indicate that the price is in the oversold zone, which may portend a possible rebound, but without a clear signal of a reversal.

• Volumes: Trading volumes (8,135,576,351.000000) remain significant, which supports the current trend.

3. Support and Resistance: The nearest support is located at around 0.004157 (lower Bollinger Band), and resistance is at 0.005743 (middle Bollinger Band). A break of the resistance may signal a trend change.

⚠️Conclusion: The current situation in the PUMPUSDT market is bearish with signs of oversold. It is recommended to watch for a breakout of the resistance level of 0.005743 or a rebound from the support level of 0.004157 to determine further movement.