Since its recent launch, PUMP token has experienced significant selling pressure, resulting in price declines. The buying back of 19.6 million USD has failed to stop this trend, while market analysts question its effectiveness given PUMP’s market valuation of approximately 2.4 billion USD.
On the 25th of July, PUMP saw a brief bounce to 0.0029 USD with increased trading volume, reflecting some short-term bullish sentiment. However, traders should be cautious as resistance levels between 0.0029 and 0.003 USD remain, indicating potential challenges ahead in the market.
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