$PUMP analysis : Pump.fun targets a decline toward the $0.001000 level
Pump.fun continues to face strong selling pressure as it maintains a downtrend below the psychological threshold of $0.002000, after losing another 3% in Monday’s session. At the time of writing, PUMP is down around 2% on Wednesday, marking three consecutive sessions of sharp declines and signaling that the weakness shows no signs of easing.
From a technical perspective, the nearest support for the token is located at the low formed on October 10, around the $0.001496 level. If this support is broken, selling pressure could push the price further down toward Pivot Point S2 at $0.001051.
Momentum indicators continue to send negative signals. The RSI remains at 26, deep in oversold territory and moving sideways, reflecting overwhelming selling pressure. At the same time, both the MACD line and the signal line are sloping downward, further reinforcing the short-term bearish outlook.
To open the door for a trend reversal and restore an uptrend, PUMP would need to quickly reclaim and hold above the $0.002000 level, a key psychological threshold that plays a decisive role in market confidence.
