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PUMP token price drops nearly 20% amid record $60M platform fees and bearish market signals

Technical Signals
18 Oct 2026
Tokenpost
View Source
Bearish
PUMP token price drops nearly 20% amid record $60M platform fees and bearish market signals

The PUMP token price fell 19.7% over seven days despite Pump.fun generating a record $60 million in fees over 30 days. Market indicators showed weakening short-term signals with a nearly 10% drop in open interest and negative funding rates, suggesting bearish sentiment and selling pressure in both spot and perpetual futures markets. While the daily price structure remained bullish, shorter-term indicators like MACD and Chaikin Money Flow pointed to potential further declines, with key support near $0.00413. Investors should watch for possible long liquidations around this level in the near term.

The PUMP token's recent price drop is context for readers following cryptocurrency trends. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Oct 18, 2026 12:01 WIB: out of 50 major cryptocurrencies, 6 rose and 43 fell today. Notable movers include BAL (Balancer) with a price of Rp16.297 and a 1-day change of +11.14%, FIL (Filecoin) at Rp19.105 down 10.70%, and BAT (Basic Attention Token) at Rp3.199 down 9.37%.

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