PUMPUSDT price is currently at $0.003055, down by nearly 20% in the last 24 hours. The MACD (Moving Average Convergence Divergence) indicator, a key tool used to track price momentum, has signaled the first bearish crossover for PUMP token since its launch. The bearish crossover occurred after a period of rising bullish momentum, signaling that the altcoin may now be facing a downturn.
The token is holding above a key support level of $0.002921, but this support is fragile. If
PUMPUSDT fails to maintain this level, it could continue to decline, potentially dropping to $0.002499. This would confirm the continuation of the downtrend, and the price could fall further.On the other hand, if
PUMPUSDT manages to hold its ground at $0.002921, it could experience a bounce back. This would allow the altcoin to rise towards $0.003803, potentially invalidating the current bearish thesis and pushing the price past the resistance of $0.004124. The next few days will be critical in determining if PUMP can recover from its recent losses.
Aaryamann Shrivastava | On-Chain Analyst
BeInCrypto - beincrypto.com/author/aaryamann-shrivastava/
BeInCrypto - beincrypto.com/author/aaryamann-shrivastava/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Aaryamann Shrivastava | On-Chain Analyst
BeInCrypto - beincrypto.com/author/aaryamann-shrivastava/
BeInCrypto - beincrypto.com/author/aaryamann-shrivastava/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.