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Pump Token Price Coils at $0.00379 as Volatility Builds
Pump Token Price Coils at $0.00379 as Volatility Builds
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BTCCSquare news:
Pump token (PUMP) is consolidating NEAR $0.003979, forming a pennant pattern that signals rising tension between buyers and sellers. The tightening range suggests an imminent volatility spike, with a decisive breakout likely to determine the next major trend.
Technical analysis indicates the pennant formation follows a sharp impulsive move, with the price rebasing after a recent capitulation event. A break above nearby resistance could propel PUMP toward its value area high, while failure to hold support may trigger another downturn.
Market participants are watching for confirmation of direction as compression reaches its peak. The token's ability to sustain above the equilibrium zone will be critical for establishing bullish momentum.
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