PUMP Token Plummets 40%—But Could This Unexpected Move Spark a Massive Comeback?
PUMP’s price action and technical analysis
Now, the main question is whether PUMP will recover or continue to decline.
AMBCrypto’s technical analysis reveals that PUMP is currently in a downtrend but appears to be forming a bullish price action pattern.
Source: TradingView
Based on recent price action, the four-hour chart shows that PUMP was forming a bullish falling wedge pattern between its lower and upper boundaries.
As of writing, the price was near the lower boundary, suggesting that upside momentum could be on the horizon.
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