Pump.fun’s PUMP Token Sees Volatility as Trading Volume Surges 79%
Main Idea
Pump.fun's PUMP token experiences significant volatility with a 79% surge in trading volume, while technical indicators suggest potential bullish momentum and key support levels are being tested.
Key Points
1. PUMP token surged to $0.00290 before retracing to $0.002498, holding near a key support level.
2. 24-hour trading volume increased by 79% to $663.7 million, indicating heightened market interest.
3. The token's circulating supply is 354 billion, about a third of its total supply.
4. Key support levels are at $0.00249 and $0.00242, with resistance at $0.00280 and $0.00290.
5. Technical indicators (MACD and RSI) suggest mixed momentum, with a potential bullish crossover and neutral-to-bearish sentiment.
Description
PUMP holds key support at $0.00249 as bullish interest fuels consolidation risk Trading volume surges 79% to $663.7M, reinforcing market attention on PUMP MACD hints at bullish crossover while RSI near oversold suggests rebound chance The Pump.fun (PUMP) token displayed an impressive intraday rally, surging to a peak of $0.00290 before retracing to a more stable level of $0.002498 , a daily gain of 2.9%. This movement reflects both heightened interest and active trading in the market, with the t...
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