Pump experiences 11% drop in 24 hours – What are the chances of further decline?

In the last 24 hours, PUMP saw an 11% decline, driven by heavy sell-offs from whales. Whales dominated over 52% of the trading volume, creating substantial downward pressure.

Both retail and institutional investors currently exhibit bearish sentiment. Yet, a rebound could occur if PUMP hits lower liquidity zones, which may serve as demand areas for future price recovery.