PUMP token dropped 9% to $0.00509 after being rejected at $0.0061, amid intense selling pressure across the broader crypto market following a weak jobs report. This decline triggered a long squeeze with $8.3 million in long liquidations, including $3.61 million from two major traders holding 707.6 million PUMP. The futures market saw net outflows of $10.7 million, indicating aggressive selling. Despite this, spot buy volume exceeded sell volume for three consecutive days, potentially providing support. MACD and RSI indicators remain bullish, but a break below $0.005 could push the price toward $0.0046.
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