Cryptocurrency with the biggest decline: Pump.fun, Story, and Pudgy Penguins test key support levels

CoinNetwork · 2026-01-08T05:40:27+00:00

In the past 24 hours, Pump.fun, Story, and Pudgy Penguins faced heavy selling, with prices declining to varying degrees. Technical indicators show weakening buying pressure, and the price may further test support levels in the future.

CoinNetwork

2026-01-08 05:40:27

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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.

PUMP-6,17%

IP-29,04%

PENGU-8,28%

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