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Pump.fun (PUMP) Soars With Bullish Momentum as PUMP Eyes $0.0070 Target

• Pump.fun (PUMP) shows strong bullish momentum, with buyers stepping in at key levels and higher lows forming.
• Recent breakout from the $0.0039–$0.0040 double bottom pattern confirms a positive trend; short-term targets are $0.0060 and $0.0070.
• Analysts note a 90% gain in the past two weeks but warn of potential short-term profit-taking based on technical indicators.

Pump.fun (PUMP) is attracting growing attention in the crypto market, demonstrating strong upward momentum. Buyers are entering at key levels, helping to maintain a positive overall trend despite potential short-term profit-taking.

At the time of writing, Pump.fun (PUMP) is trading at $0.004604 with a 24-hour trading volume of $653.48 million and a market capitalization of $1.63 billion. PUMP price decreased by 1.77% in the last 24 hours.

Pump.fun Soars 90% Amid Short-Term Sell Warning

Crypto analyst Ali Martinez highlighted that PUMP rose 90% in the past two weeks. However, the TD Sequential indicator foresees a possible short-term sell setup, indicating potential profit-taking soon.

PUMP Breakout Signals Strong Bullish Trend

Another analyst, Alfa Crypto Signal, indicated that PUMP closely followed its anticipated path. The most recent breakout of the double bottom pattern in the vicinity of $0.0039–$0.0040 was confirmed, and the price has steadily risen ever since. Buyers jumped in at the retest and confirmed the bullish setup.

As Pump.fun is trading above its short-term moving averages and forming higher lows, the immediate next targets would be $0.0060 and then $0.0070, if momentum continues.

As PUMP remains well above the key support level of $0.0040, bulls continue to maintain control. A decline toward that support level could be a cautionary sign for investors, hinting at possible short-term stress. However, the overall picture remains positive for bulls.

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Derivatives Market Shows Decline in Activity

Market trading activity and positioning decreased. Volume fell -20.73% to $969.77 million, and open interest slipped -3.31% to $621.08 million. This indicates sellers are pulling back, reducing short-term trading and longer-term contract exposure. Open interest decline shows fading optimism.

The OI-Weighted held steady at 0.0078%, showing reduced leverage pressure in the market. The reading indicates that, with volume and open interest declining, investors have not been driving leverage upwards. The market itself looks more neutral instead, with players waiting for stronger signals before taking new positions.

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