One Hour Market Sell-Off Erases Over $5 Trillion
- Market Collapse: In just one hour, a coordinated sell-off triggered by Bitcoin's plunge led to over $5 trillion in losses across crypto, metals, and U.S. equities, equivalent to the combined GDP of Russia and Canada, highlighting the event's immense impact.
- Crypto Market Devastation: Bitcoin's sharp decline resulted in approximately $110 billion lost in the crypto market, with other altcoins following suit almost immediately, as forced liquidations spread rapidly, revealing the market's fragility and leverage risks.
- Precious Metals Hit Hard: Gold plummeted 8% within the same hour, erasing around $3.1 trillion in market value, while silver fell 12%, losing nearly $700 billion, reflecting the risks of retail investors chasing momentum at highs.
- Equities Decline in Tandem: The S&P 500 index slid 1.3% rapidly, resulting in approximately $800 billion lost in U.S. equity markets, indicating systemic risks and sensitivity to macroeconomic conditions.
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Technical Analysis for PUMP
Technical Sentiment Analysis for Pump.fun (PUMP) As of , Pump.fun (PUMP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for PUMP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, PUMP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Pump.fun (PUMP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000447 | 0.00105 | 0.00166 | 0.00227 | 0.00287 | 0.00348 | 0.00408 |
| Fibonacci | 0.00105 | 0.00152 | 0.0018 | 0.00227 | 0.00273 | 0.00301 | 0.00348 |
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