大智-X
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#PUMP has hit a new low again? Can it still be played?
Today, $PUMP has reached a new low, dropping to around $0.0037. As the market slightly retraced, it was the first to "kneel". The Chinese community is almost entirely bearish, with market sentiment low, and fewer people are stepping in; everyone is waiting on the sidelines or even cutting losses and leaving the market.
As a holder, to be honest, this kind of trend is indeed quite agonizing.
From the perspective of the entire meme market, the voice of #PUMP has been almost squeezed out by #BONK; the voices saying "PUMP is dead" are getting louder, and the enthusiasm is visibly waning.
On the other hand, the project team is not short of funds:
Holding a large amount of SOL and also received financing;
Since the project's launch, the platform's traffic and products have been considered successful;
They have promised to distribute airdrops before the end of the month (although the specific details have not been clarified);
But the problem lies here. From the very beginning until now, the founding team has had almost no "market support" actions on-chain; they mostly just keep dumping. Yesterday, a large amount of market value worth tens of billions of $PUMP was transferred to Binance. Although it was not explicitly stated that it was for selling, the market directly interpreted it as a dumping signal, and the price immediately broke down and fell.
📉 From a technical perspective:
The candlestick chart is continuing to weaken, breaking through multiple support levels;
$0.0037 is the current critical level, and further declines may accelerate the drop;
If we want a rebound, we need to see if sentiment can warm up, or if the project team can provide some "real positive news";
My personal view:
I personally got in a while ago, initially hoping for a sentiment rebound, but looking at it now, this trend is really not optimistic. Although $PUMP still has popularity, as a token, it has no dividends, no governance rights, and no actual binding benefits; in the end, it is just a tool for "hype".
However, the project team has a Jewish background, knows how to play finance, and indeed doesn't lack funds, so we can't rule out their tactics of shorting and then pulling up the price. There are still some positive suspense regarding reforms and listing on Binance in the future—it's just a matter of when this Jewish guy, Alon, will start to move together.
If you can operate quickly and are willing to take a small position to try for a rebound opportunity from an oversold condition, now might still be a chance to play for sentiment recovery. If it falls below $0.0030 again, then sentiment will be completely out of control, and a wave of cutting losses may accelerate.
I myself am still in the market, not adding positions or cutting losses, just continuing to watch the movements. Can #pump pull through once!
Today, $PUMP has reached a new low, dropping to around $0.0037. As the market slightly retraced, it was the first to "kneel". The Chinese community is almost entirely bearish, with market sentiment low, and fewer people are stepping in; everyone is waiting on the sidelines or even cutting losses and leaving the market.
As a holder, to be honest, this kind of trend is indeed quite agonizing.
From the perspective of the entire meme market, the voice of #PUMP has been almost squeezed out by #BONK; the voices saying "PUMP is dead" are getting louder, and the enthusiasm is visibly waning.
On the other hand, the project team is not short of funds:
Holding a large amount of SOL and also received financing;
Since the project's launch, the platform's traffic and products have been considered successful;
They have promised to distribute airdrops before the end of the month (although the specific details have not been clarified);
But the problem lies here. From the very beginning until now, the founding team has had almost no "market support" actions on-chain; they mostly just keep dumping. Yesterday, a large amount of market value worth tens of billions of $PUMP was transferred to Binance. Although it was not explicitly stated that it was for selling, the market directly interpreted it as a dumping signal, and the price immediately broke down and fell.
📉 From a technical perspective:
The candlestick chart is continuing to weaken, breaking through multiple support levels;
$0.0037 is the current critical level, and further declines may accelerate the drop;
If we want a rebound, we need to see if sentiment can warm up, or if the project team can provide some "real positive news";
My personal view:
I personally got in a while ago, initially hoping for a sentiment rebound, but looking at it now, this trend is really not optimistic. Although $PUMP still has popularity, as a token, it has no dividends, no governance rights, and no actual binding benefits; in the end, it is just a tool for "hype".
However, the project team has a Jewish background, knows how to play finance, and indeed doesn't lack funds, so we can't rule out their tactics of shorting and then pulling up the price. There are still some positive suspense regarding reforms and listing on Binance in the future—it's just a matter of when this Jewish guy, Alon, will start to move together.
If you can operate quickly and are willing to take a small position to try for a rebound opportunity from an oversold condition, now might still be a chance to play for sentiment recovery. If it falls below $0.0030 again, then sentiment will be completely out of control, and a wave of cutting losses may accelerate.
I myself am still in the market, not adding positions or cutting losses, just continuing to watch the movements. Can #pump pull through once!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.