More Doom for PUMP as Crypto Analyst Predicts Decline to $0.00232
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- Crypto analyst predicts more decline for PUMP.
- The analyst says PUMP’s price would drop to $0.00232.
- PUMP’s decline is an offshoot of a broader crypto market pullback.
Renowned cryptocurrency analyst Ali Martinez has predicted a potential decline in the price of PUMP, the native token of Pump.fun launchpad on the Solana blockchain.
In his latest post on X, Martinez revealed how PUMP’s chart structure on the 4-hour timeframe reflects a significant bearish pressure that could force the price to decline further and potentially retest the $0.00232 support.
PUMP’s price reversed after an 85% rally in early August
The bearish pressure on PUMP has persisted for over two weeks following a sharp turnaround from an 85% rally, which saw the cryptocurrency rally to $0.4173 in the middle of August.
The succeeding decline has been consistent, and PUMP has nearly lost all the gains it acquired during the rally in the first half of the month, leaving minimal expectations for a rebound from the declining prices.
Martinez was not alone in …
The post More Doom for PUMP as Crypto Analyst Predicts Decline to $0.00232 appeared first on Coin Edition.
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