PUMP Rejection at Key Supply – Downtrend Still in ControlPUMP / TetherUS PERPETUAL CONTRACTBINANCE:PUMPUSDT.PCryptoCoinsCoachPUMP remains inside a broader descending structure, and the recent move into the highlighted zone has been met with clear resistance. Price tapped into a key supply / fib confluence area (0.618–0.786) and failed to break above, forming a lower high. This confirms that sellers are still defending the trend. With price now drifting lower and sitting above a fragile support, a breakdown from the 0.00159–0.00146 zone could trigger continuation toward deeper levels. Unless PUMP reclaims and holds above the resistance zone, this remains a bearish continuation setup, not a reversal.