#MemecoinSentiment Quick analysis of the PUMP/USDT contract based on the attached chart (Time frame: Hour):

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🔍 Technical Analysis:

1. General Trend:

• The price has decreased from a peak of 0.006629 to a bottom of 0.005640, showing strong red candles, indicating clear selling pressure.

2. Moving Averages:

• EMA 20 = 0.006200 is above the current price (0.005760) → Negative signal.

• EMA 50 = 0.005912 is also above the current price → Reinforcing the short-term bearish trend.

3. Relative Strength Index (RSI):

• RSI(30) = 48 → Still in the neutral zone, has not reached oversold conditions yet.

• RSI(50) = 50.87 → Supports neutrality with a tendency towards weakness.

• RSI(70) = 52.64 → No clear indicators of overbought conditions.

4. Stochastic RSI:

• STOK = 45.6 and MASTOCHRSI = 51 → Possible negative crossover and nearing entry into the selling zone.

5. Trading Volume (Vol):

• Trading volume is still very strong (over 5 trillion), indicating high interest but in a downward direction.