PUMP (Pump.fun) sees a sudden rebound with a 7.75% gain in 24 hours after weeks of decline. What’s next?
Key Highlights
- PUMP price jumps 7.75% in 24 hours after reversing a steep downward trend
- A powerful $138 million buyback creates bullish momentum
- Resistance at $0.0048 could determine whether bulls or bears control the market
The Rise of Pump.fun: What’s Driving the Market?
Pump.fun (PUMP) is drawing attention after reversing its month-long decline, posting a 7.75% gain in just the past 24 hours. This comes immediately after a sharp 31% weekly drop. The rebound is fueled by a combination of factors—$138 million in buybacks, bullish technical indicators, and PUMP’s dominant position among Solana-based memecoins.
With a 24-hour trading volume exceeding $312 million and a market cap of $1.36 billion, investors are closely watching PUMP’s next moves. Expectations and tension are both rising—making this in-depth price analysis especially timely.
Pump.fun Price Analysis
From a technical perspective, PUMP bounced off the $0.0037 support and climbed to $0.0041 on October 15—an early signal of a possible trend reversal. The CMF (Chaikin Money Flow) indicator crossed above zero, indicating strong accumulation and buyer dominance. The chart also shows multiple tests of the 20-period EMA, a key level for short-term trend shifts.
Currently, the RSI (Relative Strength Index) stands neutral at 38.89, suggesting indecision among traders as the market digests recent volatility. Bulls are aiming for a breakout above $0.0048—a critical resistance. A close above this level could pave the way to the next target of $0.0055, where selling pressure may increase.
However, if the price drops below $0.0038, it could reignite selling pressure and drag the token back into its previous lower range. Strong support remains at $0.00315, while resistance sits at $0.0048 and higher at $0.0055.
Conclusion
PUMP’s price is showing signs of recovery, driven by massive buybacks and bullish technical signals. Still, the $0.0048 level remains critical—whether we’ll see a breakout or a reversal back to the lows is yet to be seen. Traders should prepare for volatility and closely monitor key support and resistance levels.
Frequently Asked Questions
Find answers to the most common questions below.
A massive $138 million buyback, improved technical indicators, and increased buyer interest triggered the sudden price rebound.
The $0.0048 level is considered a critical resistance. A breakout above could lead to further gains.
If the price falls below $0.0038, it could signal renewed selling pressure and a return to lower support zones.
This article is for general informational purposes only and is not intended to be, and should not be construed as, legal or investment advice. Crypto-assets are highly volatile, so only invest funds that you are willing to lose and use your own research and risk management.
