- PUMP loses nearly 40% since July 16 peak, forming lower highs/lows and trading below $0.0036 with no visible support zone.
- RSI at 26.82 and MACD remain bearish, yet oversold conditions have failed to attract sustained buying interest.
- Traders shift to observation mode, favoring a 50% rebound before re-entry amid fragile structure and high downside risk.
PUMP continues to slide deeper into multi month lows, with no clear support level visible as of July 22, 2025. The asset was trading at $0.003656 after dipping 2.06% on the hourly candle.
Trading volume remained elevated at 1.35 billion, indicating active participation despite persistent downward pressure. PUMP has now shed nearly 40% of its value since peaking above $0.006000 on July 16.
A technical breakdown confirms the asset’s struggle, with its price action forming consecutive lower highs and lower lows.
Oversold Readings Fail to Attract Buyers
Technical indicators show a bearish picture. The 14 period RSI dropped to 26.82, placing PUMP firmly in oversold levels. However, the low RSI has not translated into a meaningful bounce. The RSI signal line is at 34.89, further supporting seller dominance.
Following this, the MACD indicator confirms the prevailing momentum. The MACD line is at -0.000166, while the signal line is behind at -0.000119.
Histogram values remain red at -0.000047, indicating ongoing bearish pressure. With no bullish divergence on record, the current setup suggests momentum remains weak.
Market Sentiment Changes to Observation Mode
A trader on X described past mistakes of holding onto losing trades for too long. They used PUMP as a case study, emphasizing the difficulty of catching a falling asset. The trader explained that extreme capitulation may be necessary before considering re-entry.
Rather than attempting to time the bottom, they plan to wait for a 50% recovery from current lows before buying. According to the source, buying strength is preferable to risking further downside during freefall. This approach follows PUMP’s sharp decline, which has left many deep underwater since its presale.
Support Threatened as Downtrend Deepens
Price continues to test new weekly lows. The daily range stretched from a high of $0.003734 to a low of $0.003578. If PUMP loses the $0.003600 level, the next key psychological zones could be $0.003200 and $0.003000.
However, a bounce is possible if buyers respond to the oversold RSI and high volume. In that case, the price could revisit resistance at $0.004200. That outcome would require bullish confirmation from both MACD crossover and strong hourly candles.
PUMP’s structure is fragile. Technical indicators, lower price action, and recent trader sentiment all align with a cautious short term stance. Until momentum changes, the downtrend holds firm.
