Binance PUMPUSDT 2h Trend Prediction

The recent K-line chart shows a continuous downward trend, with prices approaching low levels, indicating an overall bearish market. Bollinger Bands width is 0.30618, despite some abnormal data; the price may continue to move toward lower levels, approaching the support area S1 (0.002308). Multiple indicators show a bearish stance, especially RSI and MACD, supporting the expectation of short-term price decline. Large account positions exhibit a bullish bias, but the number of accounts suggests a lack of confidence in the bullish market, further lacking upward momentum. Investors are advised to monitor whether volatility can rebound to positive values. The market sentiment currently does not show strong support; caution is advised for short positions. If the price rebounds but fails to break through the lower support, consider entering gradually when support is confirmed. In the short term, market volatility is high. It is recommended to set stop-loss at 0.002250 and watch if MACD forms a bottom signal.