$PUMP ** just lost its **0.006** support, and that's not the whole problem — over **$5M in long liquidations got wiped in the process.
Price dropped about 7% to roughly 0.00552, and volume fell 20% alongside it. That combination matters. A drop on falling volume means sellers aren't even trying hard yet — there's less buying to absorb what's coming.
Everyone screaming "buy the dip" — what if the dip isn't done? Because spot sellers are taking control now too, and the MACD has flipped bearish. This isn't just leveraged traders getting flushed. It's actual selling.
Levels that matter:
· 0.00502 — critical support
· 0.00462 — downside target if selling speeds up
· 0.00602 — resistance it needs to reclaim to have any recovery case
Break 0.00502 and another panic wave is likely. Reclaim 0.00602 and the picture changes.
So which is it — another leg down, or do buyers show up before 0.00502? 👀#pump #ZcashTargetsJanuaryForQuantumResistantPayments
Price dropped about 7% to roughly 0.00552, and volume fell 20% alongside it. That combination matters. A drop on falling volume means sellers aren't even trying hard yet — there's less buying to absorb what's coming.
Everyone screaming "buy the dip" — what if the dip isn't done? Because spot sellers are taking control now too, and the MACD has flipped bearish. This isn't just leveraged traders getting flushed. It's actual selling.
Levels that matter:
· 0.00502 — critical support
· 0.00462 — downside target if selling speeds up
· 0.00602 — resistance it needs to reclaim to have any recovery case
Break 0.00502 and another panic wave is likely. Reclaim 0.00602 and the picture changes.
So which is it — another leg down, or do buyers show up before 0.00502? 👀#pump #ZcashTargetsJanuaryForQuantumResistantPayments