The price of the utility token of Pump.fun [PUMP] took a heavy hit on the 5th of June. It shed 14% on the day, falling from $0.00165 to $0.00142. From a technical perspective, the altcoin was already in a downtrend in the higher timeframes. Since December 2025, the $0.0017 support level has been resolutely defended. Over the past three weeks, the bears have had some success pushing prices marginally below this level.