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Cryptocurrency with the biggest decline: Pump.fun, Story, and Pudgy Penguins test key support levels
In the past 24 hours, Pump.fun (PUMP), Story (IP), and Pudgy Penguins (PENGU) have experienced strong selling pressure. PUMP has fallen 11% from the 50-day moving average of $0.002624 to $0.002248. If it breaks below this support level, it could drop to $0.002000 or even lower to $0.001262. IP has decreased by 2%, approaching the 20-day moving average of $1.91. If it breaks below this line, it may decline to $1.22; to regain upward momentum, the target price is $2.41, which requires breaking through $2.33. Despite a 9% correction, PENGU remains above the 50-day moving average of $0.01179. Currently trading near $0.1200 and the R1 resistance level at $0.01193, a break below this resistance could see support at $0.01091. All three technical indicators show weakening buying pressure, with RSI approaching neutrality and MACD indicating diminishing upward momentum.