Crypto Express

07/23 05:42

PUMP’s price action and technical analysis

Now, the main question is whether PUMP will recover or continue to decline.

AMBCrypto’s technical analysis reveals that PUMP is currently in a downtrend but appears to be forming a bullish price action pattern.

Based on recent price action, the four-hour chart shows that PUMP was forming a bullish falling wedge pattern between its lower and upper boundaries.

As of writing, the price was near the lower boundary, suggesting that upside momentum could be on the horizon.

However, the trend may only shift if PUMP breaks out of this bullish pattern and closes a daily candle above the $0.0042 level.

The asset’s Relative Strength Index (RSI) stood at 32, indicating that it is in oversold territory and may be poised for a price recovery or upward momentum.

#Check In Daily, Win Prizes Daily — Join the Fun!#Claim1,200 USDT in the Monthly Creation Challenge#Focus on NFT#Do you think DELOREAN is promising?#HTX Crypto Gifts Carnival Is Live!

72分享