PUMP Token Consolidates Amid Bearish Pennant Pattern, Buyers Regain Strength

The PUMP token has been experiencing a consolidation phase after recent selling pressure, but technical indicators suggest buyers are gaining strength. According to Crypto With Gopal, the price is currently trading in a bearish pennant pattern on the 15-minute chart, with support near $0.00161-$0.00162 and resistance around $0.00165-$0.00166. If the price breaks below support, it could accelerate downward momentum towards $0.00145. However, if buyers can break out decisively from the pennant, trading above $0.00170 could put pressure on the previous resistance level of $0.00175. Momentum indicators such as RSI and MACD continue to show bullish strength, with RSI at 59.37 and MACD line trading above the signal line. Despite the bearish setup, there is still room for buyers to set up a trend reversal for PUMP.