Why PUMP Price is Facing Sharp Declines and What’s Next?Currently, MEXC:PUMPUSDT is trading at $0.0028 , just under the resistance at $0.0029. The altcoin has marked a 20% drop over the past 24 hours, which is one of its largest single-day declines recently. The lack of bullish momentum and increasing outflows suggest that PUMP may continue to struggle.
Given the market conditions, it is likely that MEXC:PUMPUSDT could fall further. The next support level lies at $0.0024, which would represent another significant loss for investors. If the current trends continue, the altcoin could face even steeper declines, putting its recent lows at risk.
However, if MEXC:PUMPUSDT manages to reclaim the $0.0029 support level , it could see a bounce back. A successful reclaiming of this level could lead to an attempt to recover toward the resistance at $0.0034, invalidating the current bearish outlook.
