Pump.fun: Next all-time high ahead?
- The price of the launchpad token Pump.fun (PUMP) is currently one of the high-flyers in the crypto market. Over the past seven trading days, the PUMP price has gained 67 percentage points and reached a new all-time high of $0.0089 over the weekend. With more than $3 million in sales, the crypto project is currently even pushing ahead of Hyperliquid.
- The bullish price performance is due not only to ongoing token buybacks, now totaling over $92 million, but also to the new livestream feature. The number of daily users has more than doubled in the last 30 days.
- If the price can stabilize in the $0.0080 range in the short term, a quick attack on the all-time high is conceivable. If the resistance level at $0.0089 is subsequently overcome sustainably, the next target at $0.0097 will come into focus.
- If the PUMP price remains bullish here, a medium-term move toward $0.0115 can be expected. This will determine whether the bulls' buying pressure will be sufficient in the medium term to target the maximum level of $0.0144.
- If the launchpad price continues to slide south in the short term, a retest of the $0.0074 area is expected. Buyers are likely to push the crypto token northward again at this support level.
- A fall below this price support would extend the correction to $0.0066. A directional decision must be planned here. This chart level served as a pivot point last week.
- A breakout of this support area would cloud the chart picture in the short term and trigger a downward movement to at least $0.0058. Bulls must be present here, otherwise a retest of the $0.0051 zone is imminent.
- If the buyers fail to stabilize here, investors must expect a sell-off to the maximum correction target at $0.0045. From a technical perspective, this price level serves as the maximum bearish target on the downside.
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Sources
PUMP/USD on Tradingview
Sales | DeFiLlama
User growth Pump.fun App