- PUMP struggles below $0.0025 as bearish trend persists and volume signals distribution
- RSI at 42.17 and fading MACD hint at weak momentum and limited buyer interest
- Despite strong liquidity, lack of catalysts and team silence fuels investor concerns
The $PUMP token continues to slide, drawing concern from traders and analysts alike as bearish signals dominate the chart. Despite a momentary surge to a local high, the token is now consolidating near a crucial support level. With little communication from the development team and no major catalysts in sight, investors are growing increasingly nervous.
Altcoin Sherpa, a respected voice in the crypto trading community, described the situation as discouraging, citing ongoing price erosion and limited team engagement. While $PUMP holds significant treasury value, the market remains focused on price action, and technical indicators offer little optimism in the short term.
it's sad to see $PUMP honestly. 0 communication from team or alon lately; guessing this keeps bleeding with some random spikes on good news. Seems dumb for it to go down to 2 bil or the hypothetical NAV but maybe it'll happen (just cuz you have 2b in the bank doesnt mean that's… pic.twitter.com/UW2liabeIR
— Altcoin Sherpa (@AltcoinSherpa) July 29, 2025
Technical Breakdown and Market Structure
At the time of writing, $PUMP trades around $0.002466. While this marks a slight daily gain of 1.83%, the larger trend remains negative. The daily chart highlights a sustained downtrend, punctuated by occasional intraday spikes that fail to hold.
Price action suggests a brief rally to $0.00290 earlier in the session, followed by a steady fade. Notably, price found temporary support at $0.00238 and $0.00243 levels worth monitoring closely.
Volume tells another story. At $671.77 million in 24-hour trading, liquidity remains high, indicating aggressive distribution rather than accumulation. The volume-to-market cap ratio of 76.78% further suggests speculative interest over fundamental conviction.
Indicators Signal Weak Momentum
The MACD readings remain mixed. The MACD line is slightly above the zero mark at 0.000024, but the signal line lags behind at 0.000101. The negative histogram confirms bearish momentum, though the narrowing gap hints at a potential, albeit slow, bullish reversal.
Meanwhile, the RSI stands at 42.17, below the neutral 50 but not yet oversold. This suggests limited downside room but also weak buying interest. Unless new catalysts appear, a sideways consolidation seems more likely than a quick rebound.
