Price PUMP on the Brink: Big Breakout or Painful Drop Ahead?

Pump.fun has pulled back sharply after hitting an All-Time-High (ATH) of $0.0090. The altcoin is now down nearly 30% from that peak and showing signs of weakness.

With indicators suggesting a possible reversal, PUMP could face more bearish pressure in the short term.

Pump.Fun Token May Be Facing a Price Drop

The Moving Average Convergence Divergence (MACD) indicator is currently flashing a warning signal for Pump.fun. The indicator is on the verge of a bearish crossover, as the signal line crosses below the indicator line. This change would confirm a weakening trend and mark the end of the nearly month-long rally.

This development suggests that the price of PUMP may be at risk of further decline. For traders, this means that profit-taking may increase, putting pressure on the Token.

If the crossover completes, bearish sentiment could prevail, forcing investors to brace for increased volatility in the coming days.

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The Relative Strength Index (RSI) provides further insight into the current momentum of PUMP. The indicator has slipped from overbought territory, a level that typically signals saturation and predicts a correction. This decline suggests that the bullish momentum has lost strength, leaving the altcoin vulnerable to downside pressure.

However, the RSI remains above the neutral level of 50.0, placing PUMP in bullish territory . This could Vai as a stabilizing factor, potentially slowing the pace of decline. If buyers step in to defend current levels, the indicator leaves room for recovery attempts from investors.

PUMP prices will need support

At the time of writing, PUMP is trading at $0.0069, nearly 30% below its ATH of $0.0090. Given the current technical signals, the Token is likely to face another pullback before it can attempt a recovery.

The next important support lies at $0.0062, where PUMP could find temporary support if the bearish momentum intensifies. Holding above this level will be crucial to prevent a further decline.

Conversely, PUMP could invalidate the bearish argument if it can flip $0.0074 into support. Achieving this would give the Token enough momentum to climb back to the ATH of $0.0090, provided investor support remains strong.