Pump.fun (PUMP) fell 7% intraday, breaching the $0.006 support to hit a low of $0.0052 before trading around $0.0055. The bearish move triggered over $5 million in long liquidations, while futures netflow collapsed 98% to -$27 million, reflecting massive capital outflows. Spot market data confirmed intense selling pressure with $11.4 billion in sell volume against $10.8 billion in buy volume. The MACD formed a bearish crossover and the SMI dropped to 22, signaling strengthening downside momentum. If bearish pressure persists, the price could drop below $0.005 toward $0.0046.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
