PUMPUSDT 1D - DESCENDING CHANNEL STRUCTUREPUMPUSDT SPOTBYBIT:PUMPUSDTJitendra_VermaOverview Price continues to consolidate inside a descending channel after a sharp correction. Lower highs and lower lows define the short-term structure, keeping near-term pressure to the downside. Key Levels •Support: $0.002507 (horizontal) + lower channel trendline •Resistance: $0.006059 and $0.006904 (horizontal) + upper channel trendline Technical Context •The prior breakdown below $0.006059 confirmed short-term bearish momentum. •A clean daily close below $0.002507 would validate further continuation toward new lows. •Conversely, a breakout above the upper channel line could signal exhaustion of the current downtrend and open the path for a recovery toward the $0.006059–$0.006904 area. Market Bias •As long as price trades within the channel, tone remains bearish. •Watch for volatility as price compresses — breakout direction will likely define the next impulsive move. Summary The setup remains technically corrective. A close below $0.002507 = continuation. A break and hold above the upper channel = early reversal signal. 📌 For educational purposes only — not financial advice. #PUMPUSDT #Crypto #DescendingChannel #PriceAction #Support #Resistance #TechnicalAnalysis #TradingViewIdeas