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pump.fun / Tether USD

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PUMPFUNUSDT trade ideas

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
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by CryptoPatel