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Best to drop them and move on. I know a lot.of candidates use competing offers to negotiate higher BUT that happens when the employer is playing the game too and doesn't reveal budget. If budget has been revealed, then, they are actually offering a rationale for not opting for your offer. Thank them and move on. If you end up offering 150k despite revealing budget, it will mean YOU are the one who is not reliable
Always be interviewing. Candidates should have multiple options. Hiring managers should too. I firmly believe in paying people well and fairly, but miss me with the games.