PUMP Drops 96.75% in 24 Hours Amid Sharp Market Correction

On OCT 11 2025, PUMP dropped by 96.75% within 24 hours to reach $0.004023. Over the past week, the asset has fallen by 3555.05%, while over the past month, it has declined by 3289.63%. Year-to-date, the price has dropped by 1132.83%, marking a dramatic decline across all timeframes. The move reflects a broader correction in the market that has severely impacted the asset's valuation in the short term.

The decline is attributed to a combination of market sentiment and liquidity pressures, with a sharp exodus of speculative traders triggering a cascade of sell-offs. PUMP, known for its high volatility and retail investor base, has faced increasing bearish pressure as market conditions deteriorated. This has led to a rapid de-peg from any previous price levels, with no immediate signs of stabilization. Analysts note that the asset’s fundamentals remain untested under such a severe short-term sell-off.

From a technical standpoint, the recent drop has seen PUMP break below critical support levels that had previously held for months. The RSI has plummeted into the oversold territory, and the MACD line has crossed below the signal line, reinforcing the bearish momentum. However, the speed of the decline suggests the potential for a short-term bounce, as traders may look for entry points in the coming days. That said, the long-term outlook remains bearish unless a structural shift in market dynamics occurs.

The technical indicators currently in play have been the focus of a recent backtesting initiative. The strategy under analysis uses a combination of RSI and MACD crossovers to identify potential short-term reversals in the asset's price. Historical data from prior PUMP cycles indicate that such a setup has occasionally led to brief rebounds, though these are often followed by deeper declines. The backtesting process aims to quantify the probability and expected outcomes of such a reversal in the current context.