The price of Pump.fun’s PUMP token is facing continued bearish pressure after failing to break a key technical pattern. Analysts are watching the $0.00135 support level, with a breakdown potentially triggering stronger selling. Data from CoinCodex predicts a 23% drop to approximately $0.00108 over the next five days.
The PUMP token remains under bearish pressure after failing to break higher from a descending triangle formation. According to analyst Alpha Crypto Signal, this has shifted momentum back in favor of sellers.
At the time of writing, PUMP was trading at $0.001397 with a market capitalization of approximately $482.8 million. The token’s price structure and weakening market sentiment point toward further potential losses ahead.
The analyst notes the bears are looking for a move toward the triangle’s support near $0.00135. While a bounce from that level could temporarily push the price to $0.0015, the overall pattern is viewed as vulnerable.
According to CoinCodex, the token is expected to fall approximately 23% to $0.00108. This projection indicates growing downside risk amid clearly bearish market sentiment.
The expected decline is attributed to general weakness in the cryptocurrency industry. Bitcoin’s stagnant movement has contributed to investor uncertainty and increased selling pressure on altcoins like PUMP.
