$PUMP is currently at a 5-month low around 0.00176, reflecting a steep decline of nearly 40% over the past month and over 80% from its all-time peak. The technical and sentiment picture is strongly bearish.
Key Observations:
RSI: 26 — deep oversold, indicating extreme selling pressure, but not necessarily an immediate reversal signal
Whales: Heavily short, adding continued downward pressure
News Impact: Major lawsuit and negative developments have eroded trust, and buybacks alone have not provided sufficient support
Outlook:
The combination of structural weakness, heavy short positions, and persistent negative sentiment suggests that the downside trend is likely to continue until either significant positive catalysts emerge or selling pressure exhausts. Any potential recovery would require strong confirmation, such as reclaiming key support levels or a shift in whale activity.
PUMPUSDT
Διην.
0.00217
-7.38%