Pump Token Holds Fibonacci Support, Setting Stage for Wave 3 PUMPUSDT SPOTBYBIT:PUMPUSDTThe_Alchemist_Trader_Pump Token has corrected steeply into the $0.057 level, aligning with both the 0.618 Fibonacci and VWAP support. Holding this region could establish a higher low and trigger a larger wave 3 impulse. Pump Token’s retracement has brought it into a key technical confluence zone. Price is now testing $0.057, where Fibonacci and VWAP levels converge. This area represents a critical inflection point for the token’s market structure, as maintaining support here could sustain the bullish outlook. Key Technical Points: - Support: $0.057 region with Fibonacci 0.618 and VWAP confluence. - Market Structure: Higher low setup supports larger bullish wave count. - Potential Impulse: Holding support could trigger a wave 3 continuation. The correction into $0.057 has allowed Pump Token to reset while maintaining its larger bullish trajectory. Fibonacci and VWAP confluence zones are closely watched by traders, and this alignment adds credibility to the case for a bounce. Structurally, establishing a higher low at current levels would reinforce the bullish framework. Within Elliott Wave terms, this correction could represent the foundation for a larger wave 3 impulse, typically the most powerful and extended move within the cycle. Should support fail, bearish risks would increase, and price could enter a deeper corrective phase. However, as long as the 0.618 Fibonacci and VWAP support are defended, the probability of continuation to the upside remains strong. What to Expect in the Coming Price Action: If the $0.057 support holds, Pump Token is positioned to begin a wave 3 rally. A failure to defend this zone would weaken the bullish case and extend the corrective period.