Pump.fun (PUMP) has fallen over 13% in the past 24 hours, contributing to a 31% decline over the month as the cryptocurrency market experiences a downturn. The token is currently testing a crucial support level near $0.004126, aligned with its 100-day moving average, within a descending channel pattern. A rebound at this level could indicate a potential trend reversal, while a failure to hold may lead to further declines toward $0.003450.