PUMP / TetherUS
Long

PUMPUSDT Forming Bearish Pattern

225
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!

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