PUMP just lost a major support level—is another 40% drop coming?Caution: PUMP just lost a major support level — is another 40% drop coming?
The chart shows a clear breakdown in structure after price lost key support at 0.004035.
That level acted as a strong base during the recent consolidation, but once broken, it triggered strong selling pressure.
Retest Failed:
Price attempted to reclaim the support zone but faced rejection and a bearish retest, confirming the breakdown.
Previous Drop:
🔸 We already saw a major drop of nearly 50% earlier.
🔸 Now, the projected move suggests a similar drop is likely, targeting the 0.0024 zone and a possible liquidity pool and demand area.
Bias:
🔸 Momentum remains bearish below 0.004035.
🔸 Unless price reclaims and holds above that level, the structure favors downside continuation.
Keep managing your risk. Avoid chasing entries blindly. More updates soon.
NFa & DYOR
