Pump.Fun surged 36% this week, with tokens currently trading at $0.0068. Rally comes as investors change their attitudes.
The improvement in the market situation in the wider crypto space has also contributed to Altcoin climbing, which strengthens bullish confidence among traders.
pump.fun tokens record rapid influx
The Chaikin Money Flow (CMF) is held above the zero line at the time of writing, showing an upward trend. This indicates that inflows outweigh the outflows. This is a signal of investor demand for pumps. The consistent inflow suggests that participants are willing to support the assets despite recent market volatility.
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Maintaining across CMF above zero is an important indication of strength. In the case of pumps, this means that investors see the incentives to allocate capital to the token. Such actions support price resilience and create a stronger foundation for further gatherings.
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Moving average convergence divergence (MACD) also indicates that momentum is enhanced. The indicator approaches a bullish crossover in which the MACD line rises above the signal line. If confirmed, this shift validates ongoing price strength and suggests that the pump is entering a new bullish stage.
A confirmed crossover may accelerate purchasing activity and encourage traders to extend exposure. Coupled with recent gatherings, this indicator reinforces expectations that the pump could continue to rise.
Pump prices may approach ATH
The pump is currently priced at $0.0068, after a 36% jump in the past week. The token is currently targeting resistance for $0.0077. This is a critical level of profits in the past. Testing this zone will determine whether the rally can continue towards a higher target.
Violating $0.0077 is essential for the pump to reach an all-time high of $0.0090. Breakouts could attract fresh influx as new investors see potential rises. This milestone could reinforce bullish sentiment and support further expansion of token ratings.
However, if conditions become weak, the pump risks losing momentum. A reduction to support of $0.0062 would erase recent profits and invalidate bullish papers. Breaking this level can cause sales pressure and allow altcoins to return to bear control.
