PUMP Token Faces Bear Trap Test at $0.0027: Will Relief Rally Fuel Next Move?

The Pump token ($PUMP) is currently under pressure, down 6.2% to just $0.00279. This drop coincides with declining platform revenue and a surge in selling volume, raising concerns about a potential bear trap scenario. Analysts are watching closely as the token approaches its crucial support level of $0.0027. If it breaks this level, a 20% decline to around $0.0022 seems likely. However, if buyers can push above the resistance level of $0.0032, a relief rally could occur.