Pump.fun (PUMP) is currently trading at $0.003755 and has a strong bullish trend. The asset has risen 4% in the last 24 hours, making it a strong asset on the short-term metric. Trading volume has also increased by 52.47% and is currently standing at $281.96 million.
Source: CoinMarketCap
Over the past seven days, PUMP has continued to rise significantly, attracting the attention of traders and investors. Meanwhile, the coin is up 35.34%, solidifying its bullish view. Market activity persists, showing increasing confidence and active engagement.
Crypto analyst Alpha Crypto Signal highlighted a bullish chart pattern. The analyst identified a potential double bottom at the daily level. PUMP double-tested the demand zone and then pushed higher. The price has also moved above moving averages in the short term. This configuration favors continued upward drift.
The double bottom’s neckline is close to 0.0039 to 0.0040. Breaking above this zone will confirm the pattern. If confirmed, PUMP could move between $0.0060 and $0.0070. Holding above the recent lower highs preserves the outlook. A drop below $0.0033 would negate the structure.
Source: X
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Furthermore, another analyst, Crypto VIP Signal, mentioned that PUMP confirmed support and bounced strongly. Long entries made more than 32% profit from the first position. The second entry had a profitability of about 19%. Resistance remains at $0.004. Breaking above this point might start a new rally.
Source: X
According to CoinGlass data, the trading volume has increased by 56.90%, reaching a total of $787.05 million. Open interest also rose by 5.58% at $517.87 million, showing increased involvement from traders. The OI-weighted funding rate was 0.0193%. PUMP’s bullish sentiment is further bolstered by these figures, which suggest a more consistent market momentum and an active market.
Source: CoinGlass
The important price zone is now the level of $0.004. A daily closing above the level could speed up gains. A consolidation and a slowing of momentum are probable in the event of a failure to break out. Market players continue to monitor this level attentively.
PUMP has strong technical and market support. Short-term sentiment is still bullish. The traders emphasize the significance of high volume and seek out favorable chart patterns. Traders wait for confirmation of breakout signals.
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