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The total crypto market cap (TOTAL) and Bitcoin (BTC) noted a decline over the last 24 hours owing to broader market bearishness. Pump.fun (PUMP) followed these cues and ended up posting a 14% drop.
In the news today:-
The total crypto market cap has dropped $72 billion, now standing at $2.88 trillion. A strong 0.89 correlation with the Nasdaq has amplified downside pressure. Weakness in technology stocks continues to spill into digital assets, increasing sensitivity to broader macro and equity market movements.
Despite losses, TOTAL is holding above the $2.87 trillion support level. This zone remains critical for short-term stability. A breakdown below it could trigger accelerated selling, exposing $2.80 trillion. Such a move would deepen investor losses and reinforce bearish sentiment across the market.
TOTAL Price Analysis: TradingView
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A bullish reversal remains possible if momentum improves. Reclaiming $2.93 trillion would invalidate the bearish outlook. A sustained recovery above this level could restore confidence and open the path toward $3.00 trillion, signaling renewed strength and improved risk appetite among market participants.
Bitcoin is trading near $86,356, closely hovering around the $86,361 support level. Current market conditions remain unfavorable for recovery. Weak momentum and cautious sentiment are limiting upside attempts.
If market pressure intensifies, Bitcoin could slide toward the $84,698 support. A move to this level would erase additional investor gains and reinforce short-term bearish momentum.
BTC Price Analysis: TradingView
A recovery remains possible if bullish momentum returns. A successful bounce from $86,361 could lift Bitcoin toward $90,401. Reclaiming this resistance would invalidate the bearish outlook and signal renewed demand, improving short-term sentiment and stabilizing price action.
PUMP recorded the steepest decline among major altcoins, dropping 14% in the past 24 hours. The token is trading near $0.002017, below the $0.002123 resistance. Persistent selling pressure reflects weak sentiment and limited buying interest under current market conditions.
If broader market weakness continues, PUMP risks losing the $0.001917 support. A breakdown below this level could accelerate losses toward $0.001711. Such a move would deepen bearish momentum and heighten volatility as traders react to deteriorating technical structure.
PUMP Price Analysis: TradingView
A recovery scenario depends on improving sentiment. Reclaiming $0.002123 as support would signal renewed demand. If sustained, PUMP could advance toward the $0.002428 resistance, invalidating the bearish outlook and suggesting a potential short-term trend reversal.
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