PUMPUSDT has slipped below a major safety net. After peaking above $0.0068 last month, the price has been sliding downwards, and it just broke underneath the key $0.0038–$0.0040 floor. Buyers did a good job protecting this level back in late summer, but sellers have taken over and turned that old support zone into a ceiling, pulling the token down to around $0.00367.
Because this base cracked, the chart suggests more downside could be on the way. The setup points toward an open drop down to roughly $0.00236, which would mean an estimated 35.6% dip from where it broke down. As long as the price stays under $0.0040, the momentum remains firmly tilted toward the bears.
Do you think PUMPUSDT will keep dropping to $0.0023, or can buyers quickly bounce back? Let us know your take in the comments, and don’t forget to share this post with your trading friends!
Because this base cracked, the chart suggests more downside could be on the way. The setup points toward an open drop down to roughly $0.00236, which would mean an estimated 35.6% dip from where it broke down. As long as the price stays under $0.0040, the momentum remains firmly tilted toward the bears.
Do you think PUMPUSDT will keep dropping to $0.0023, or can buyers quickly bounce back? Let us know your take in the comments, and don’t forget to share this post with your trading friends!
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