A sharp drop in $PUMP's price liquidated two traders, forcing out 707.6 million tokens valued at $3.61 million and highlighting vulnerability at key support levels.
On-chain data showed a long liquidation at $0.00453 that triggered a downside liquidity sweep, intensifying sell-side pressure. Further long positions were liquidated at $0.00437 as downward momentum persisted. A short liquidation of $7.12K also occurred at $0.00437, indicating some counter-directional interest, though long liquidations dominated the move.
Additional long liquidations at $0.00409 accounted for $4.9122K in liquidated value, pointing to sustained selling pressure across multiple price points.
Price stabilization in the $0.00448–$0.00455 zone would require order-book absorption to counteract recent sell pressure. A sustained move above $0.00468 could establish room toward the $0.00485 resistance level. A failure to hold support could expose the market to further downside.
