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Top Crypto Losers: Pump.fun, Story, and Pudgy Penguins test key support levels
Pump.fun (PUMP), Story (IP), and Pudgy Penguins (PENGU) experience intense selling pressure over the last 24 hours. PUMP and IP failed to cross the 50-day Exponential Moving Average (EMA), resulting in a pullback on Wednesday, while PENGU is testing its 50-day EMA. The technical outlook for these cryptocurrencies remains bearish due to the prevailing downtrend. Pump.fun trades above the 20-day EMA at $0.002248 at press time on Thursday, following an 11% drop from the 50-day EMA at $0.002624 on the previous day, breaking the eight-day streak of uptrend. If the meme coin launchpad token extends below $0.0002248, it ... (full story)
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