It’s been a rough week for Pump.fun $PUMP. The token has taken a major hit, crashing 33% in just seven days and landing at a 5-month low. 📉
💸 Investors are Jumping Ship
Confidence seems to be drying up. On-chain data shows that capital is flowing out of $PUMP at record speeds. The Chaikin Money Flow (CMF)—which tracks whether money is moving in or out of a token—has hit an all-time low. This means holders aren't just "waiting it out"; they are actively exiting their positions. 🏃♂️💨
🪙 The "Bitcoin Shadow"
$PUMP is currently stuck to Bitcoin like glue. With a high correlation of 0.78, PUMP's price is heavily dictated by what the "King of Crypto" does. Since Bitcoin is struggling to hold its ground around the $86,000 mark, smaller tokens like $PUMP are feeling the pressure even more intensely. 🧛♂️
📊 The Price Levels to Watch
The token is currently hovering around $0.002031. Here is the roadmap for what might happen next:
The Danger Zone: If the price slips below $0.001917, things could get ugly, with a potential slide down to $0.001711. ⚠️
The Recovery Path: For the bulls to take back control, PUMP needs to climb back above $0.002123. If it manages that, we could see a rally toward $0.002428. 🚀
Summary: It’s a "wait and see" moment. Without a boost from the broader market or a sudden surge of new s, the path of least resistance remains downward for now. 📉💔
