PUMP Token Faces Bearish Pressure Amid Market Weakness, But Holders Stay Committed

PUMP's price has dropped to a two-week low of $0.0052, reflecting broader cryptocurrency market weakness. The Relative Strength Index (RSI) at 44.79 confirms growing bearish sentiment, signaling potential continued downside pressure.

Despite the price decline, network activity shows resilience. Active addresses spiked earlier this month and have maintained stable participation levels. This sustained engagement suggests underlying confidence among holders that could support eventual recovery.

Technical indicators paint a challenging short-term picture. The RSI's dip below the neutral 50 mark leaves little immediate upside potential without external catalysts. Market observers note the token's ability to maintain user activity during price declines often precedes rebounds when conditions improve.