Binance PUMPUSDT 1h Trend Prediction

The candlestick charts over the past few cycles show a continuous downward price movement with no obvious reversal signals. The Bollinger Bands width is relatively wide, but there are no strong support factors. The MACD indicator does not show a clear upward or downward trend, indicating a lack of market momentum and supporting a forecast of sideways to downward movement. The RSI indicator is at an average level but shows no signs of improvement, suggesting that in the short term, prices may tend to decline toward support zones. The large holders' long and short positions ratio and the account number ratio indicate a market sentiment leaning bullish, but the combined indication of funding rates and negative amplitude suggests the market still has room to adjust downward. Trading volume is relatively high; however, combined with other indicators, the market may be in a correction phase. It is recommended to remain cautious and wait until the price reaches support levels before considering entering positions.