Pump.fun (PUMP) Price Outlook: Will Support Hold or Fall Further?

Pump.fun’s price currently hovers around $0.00342, marking a decline from last week’s peak above $0.00400. A bearish trend is evident on the 30-minute chart, illustrated by lower highs and lower lows, reflecting weakening demand and persistent selling pressure. The price has breached its short-term uptrend channel on the 4-hour chart, encountering resistance near $0.00353. This rejection coincides with the failure to hold key moving averages (20 & 50 EMA), highlighting a shift towards bearish momentum.