Despite doubling in revenue in January and a strong bullish market momentum, the PUMP token has yet to break through the resistance level of $0.0034. Following Bitcoin dropping below $80,600 and the overall market declining, the PUMP token retested the support level of $0.00225. Although the daily chart structure remains technically bullish, indicators like RSI falling below 50 suggest that the bears currently have the upper hand. Traders are advised to closely monitor the $0.00225 level, as a break below this price could confirm a shift to a bearish trend.
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Despite doubling in revenue in January and a strong bullish market momentum, the PUMP token has yet to break through the resistance level of $0.0034. Following Bitcoin dropping below $80,600 and the overall market declining, the PUMP token retested the support level of $0.00225. Although the daily chart structure remains technically bullish, indicators like RSI falling below 50 suggest that the bears currently have the upper hand. Traders are advised to closely monitor the $0.00225 level, as a break below this price could confirm a shift to a bearish trend.