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Pump.fun (PUMP) Token Faces 20% Drop as Bearish Signals Emerge
Pump.fun (PUMP) Token Faces 20% Drop as Bearish Signals Emerge
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BTCCSquare news:
Pump.fun's native token PUMP has plummeted 20% following a bearish MACD crossover, marking its first downturn since launch. The altcoin's struggle to maintain initial gains reflects waning investor confidence amid a broader market correction.
Technical indicators paint a grim picture. The Chaikin Money FLOW sits in negative territory, signaling capital outflows and weakening conviction. Market saturation post-rally has amplified selling pressure, with PUMP failing to capitalize on its explosive debut.
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