$PUMP Based on the 4-hour chart of the PUMP/USDT pair on Binance, here are some key technical analysis points:
1. Current price and recent fluctuations
Current price: 0.08081 USDT
Slight increase: +0.66% in 24h
24h fluctuation range: 0.07981 - 0.08360
2. EMA lines (Exponential Moving Averages)
EMA(7): 0.08119 (below current price) – weak signal of short-term uptrend
EMA(25): 0.08348 (above current price) – near resistance
EMA(99): 0.11161 – still very high compared to the price, indicating long-term downtrend
3. MACD
DIF: -0.00240
DEA: -0.00325
MACD: 0.00084 (positive histogram bar) – sign of bullish crossover, could be a slight reversal signal in the short term
4. Trading volume & Open Interest
Trading volume is not spiking, indicating market caution
O.I NV (Open Interest): 4.49M – relatively low level
5. Summary of signals
Main trend: Still down (long-term EMA is much higher than the current price)
Short-term: May be accumulating or forming a short-term bottom, with slight MACD signals and price fluctuating around EMA(7)
Near resistance: EMA(25) at ~0.08348
Strong support: Around 0.07756 (most recent bottom)
Strategy suggestion:
If holding: May consider gradually selling as the price approaches EMA(25)
If looking to buy: Should wait for a signal to break EMA(25) along with strong volume to confirm reversal trend