The pump price cutting 23 %; Have adult sellers just starting? star-news.press/wp

The original symbol of pump.fun, POMP, displays signs of fatigue after dramatic outbreak. The symbol rose to the highest local level of $ 0.006899 on July 16, riding a Mimi currency wave in Solana and renewed the market attention.

But within hours, the price of the pump collapsed to $ 0.005294, which represents a sharp decrease of 23.2 %. The sharp correction comes amid a great profit by the first holders, and the signs indicate more pressure on the negative side unless the main levels are recovered.

Smart money begins to dump with increased profits achieved

The latest data on the series reveals an aggressive round of profit by its senior owners. According to PNL data, the 10 best portfolios have achieved more than $ 17 million in profits, as the leaders board showed that merchants are completely independent.

Wallet Cxsz84ui booked $ 1.79 million, while eight others followed $ 1.5 million or more in achieved gains. It is worth noting that more than 95 % of the higher portfolios now maintain 0 % of their initial locations, indicating total exits.

Meanwhile, smart money portfolios and portfolios tagged with high victory rates, a 34.5 % decrease in holdings, which now reach 3.17 billion symbols, decreased from more than 4.3 billion earlier in the day. The balance of the whale whale governor also slipped by 3.63 %, indicating that the big players are not only seen; They are actively selling.

This means that the re -purchase of the pump simply did not exceed the continuous sale pressure. Fees that are spent on re -purchase are canceled or even bypassing by achieving profits from whales that empty the huge risks.

On the other hand, the unreasonable profit panel reveals a dangerous preparation: the governor still retains about $ 10 million in paper gains. For example, Wallet 9mky1k8s 1.38 million dollars of unreasonable profits with 100 %, indicating that these merchants can become the next wave of sellers if the price is weak. Or they may be just a reason to weaken the price of the deepest pump.

Superrtrend, dumping fluctuation, and matching the whale exit behavior

The SuperPrend index has now turned red on the graph for one hour-a sign that the short-term trend has turned on the landing. This lines with what we already see from the holders of the big wallet. After riding the gathering, the whales began to withdraw, and this exit appears to be the price down.

When adult players stop buying, the direction indicator also turns, there is often a sign that the negative side may be at the forefront.

For those who are not familiar, Supertrend is an indicator that follows the trend that interacts with both the price and volatility. When the price decreases to a certain domain, the line turns from green to red, indicating a shift from climbing to a declining momentum.

The risk of the pump price is less than the main support

The price scheme tells a clearer story. We have drawn the levels of Vibbonacci from the highest local level at $ 0.00689 to a decrease in oscillation at $ 0.00529. As of writing, the price of the pump is traded by about $ 0.00535, which is dangerously close to collapse below the Fibonacci base (0.0).

Key levels have already been violated. The decline failed 0.382 at 0.00590 dollars and 0.236 level at $ 0.00567 to keep it as support. If $ 0.00529 is broken, it opens the risk of successive sales, especially with many wallets in an unreasonable profit area.

The decline reserves unless the bulls can restore 0.618 Fibonacci at $ 0.00628, which now works as the strongest resistance/support. A clean break above can indicate the buyer’s re -entry and a test of $ 0.00689.