PUMP Rejection at Key Supply – Downtrend Still in Control

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PUMP remains inside a broader descending structure, and the recent move into the highlighted zone has been met with clear resistance.

Price tapped into a key supply / fib confluence area (0.618–0.786) and failed to break above, forming a lower high. This confirms that sellers are still defending the trend.

With price now drifting lower and sitting above a fragile support, a breakdown from the 0.00159–0.00146 zone could trigger continuation toward deeper levels.

Unless PUMP reclaims and holds above the resistance zone, this remains a bearish continuation setup, not a reversal.

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