Pump faces double-bottom test: Relief rally only above…

PUMP’s price has experienced a 6.5% decline to 0.00276 USD, amidst a notable increase in trading volume of 25%. This uptick in volume, despite a decrease in price, indicates a persistent bearish momentum.

Market uncertainty influenced by a 3.5% fall in Bitcoin and a 4.25% drop in Ethereum contributes to the bearish outlook for PUMP. The technical analysis supports potential downside, with crucial support at 0.00276 USD and a possible target of 0.0022 USD.

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