PUMP, the native token of Solana-based memecoin launchpad Pump.fun, has dropped 7% today. The decline comes as the token trades under its 20-day exponential moving average (EMA), which now acts as dynamic resistance at $0.0033. This confirms that bears have dominated recent sessions, applying strong selling pressure.
The 20-day EMA is a key indicator for short-term momentum. With PUMP currently below this level, it suggests that sellers are in control and short-term support has weakened. If this trend continues, PUMP risks dropping further to the $0.0022 zone.
Despite the bearish signals, a reversal is possible if demand returns. A recovery could push PUMP back toward $0.0032, with the 20-day EMA remaining a critical level to watch for any bullish breakout.
The 20-day EMA is a key indicator for short-term momentum. With PUMP currently below this level, it suggests that sellers are in control and short-term support has weakened. If this trend continues, PUMP risks dropping further to the $0.0022 zone.
Despite the bearish signals, a reversal is possible if demand returns. A recovery could push PUMP back toward $0.0032, with the 20-day EMA remaining a critical level to watch for any bullish breakout.
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Truly Unbiased Cryptocurrency News beincrypto.com
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.