Pump.fun (PUMP) Falls Below $0.00353 Amid Bearish Technical and On-Chain Signals

Pump.fun (PUMP) is currently trading at approximately $0.00342, a notable decline from the recent high of over $0.00400 recorded last week. On the 30-minute chart, the price is forming a descending channel, characterized by a series of lower highs and lower lows, indicating weakening demand and ongoing bearish pressure [1].

The 4-hour chart reveals further signs of bearish momentum as PUMP has recently broken below its short-term uptrend channel. The asset is now encountering resistance near $0.00353, with recent rejection at this level coinciding with a failure to hold the 20 and 50 EMA cluster, reinforcing the downward trend [1].

Technical indicators also support the bearish narrative. The RSI has fallen to 38, reflecting a clear bearish bias with repeated failures to reclaim the 50 neutral zone. Similarly, the MACD shows bearish crossovers on both intraday and 4-hour time frames, with histograms indicating consistent downside pressure [1].

On-chain data provides additional insight into the price weakness. Liquidity metrics, including spot inflow and outflow, highlight a lack of buying interest and continued selling pressure. These on-chain dynamics align with the technical signals, reinforcing the likelihood of further downward movement [1].

Looking ahead, the immediate focus is on the $0.00330 support level. Analysts suggest that if PUMP can hold this level, it may stabilize and potentially test resistance again. However, a breakdown below $0.00330 could push the price toward $0.00310, extending the bearish trend. The coming days will be critical in determining whether PUMP can regain control or if the bearish momentum continues to dominate [1].

Source: [1] Pump.fun (PUMP) Price Prediction for August 17, 2025: Will PUMP Hold $0.00330 Support Or Extend Toward $0.00310? (https://coinmarketcap.com/community/articles/68a0a9c81c2a206ebd75ccab/)