Uptrend to $0.0060 or Will It Hit a Wall?
The post Uptrend to $0.0060 or Will It Hit a Wall? appeared on BitcoinEthereumNews.com. Pump.fun (PUMP) is trading at around the $0.0057 zone. Daily trading volume has jumped by over 115%. With the 2.22% uptick, the crypto market has witnessed a brief recovery, and the broader crypto market cap is settled at around $3.85 trillion. All the major assets have modestly swept by the green wave, pushing the price to reclaim the lost momentum. Notably, the largest assets, like Bitcoin and Ethereum, are hovering on the upside. Among the altcoins, Pump.fun (PUMP) has posted a surge of over 13.75% in the last 24 hours. In the early hours, the asset was trading at a bottom range of $0.004969. With the bullish pressure, PUMP has tested and broken the resistance between $0.004974 and $0.006072 zones, and the price has climbed to a high of $0.006077. As per CMC data, at press time, Pump.fun traded at around the $0.005703 mark. The market cap has reached $2.01 billion, and the daily trading volume has jumped by over 115%, touching $580.86 million. Moreover, the market has seen a 24-hour liquidation event worth $10.37 million of PUMP, according to Coinglass data. Where Do You See the Next PUMP Resistance? Pump.fun’s Moving Average Convergence Divergence (MACD) is found just above the zero line, which indicates a slight bullish momentum. The prices may start to move upward. As the signal line is below the zero line, it shows that the overall trend is still weak or in the recovering stage. Besides, the Chaikin Money Flow (CMF) indicator of PUMP is positioned at 0.13, which suggests a bullish bias with buying pressure outweighing selling pressure. The strength of the value is modest — not extremely strong, and it does suggest accumulation and inflows into the asset. Assuming the bullish sentiment of Pump.fun strengthens, the price might move up to test the $0.005713…
The post Uptrend to $0.0060 or Will It Hit a Wall? appeared on BitcoinEthereumNews.com.
Pump.fun (PUMP) is trading at around the $0.0057 zone. Daily trading volume has jumped by over 115%. With the 2.22% uptick, the crypto market has witnessed a brief recovery, and the broader crypto market cap is settled at around $3.85 trillion. All the major assets have modestly swept by the green wave, pushing the price to reclaim the lost momentum. Notably, the largest assets, like Bitcoin and Ethereum, are hovering on the upside. Among the altcoins, Pump.fun (PUMP) has posted a surge of over 13.75% in the last 24 hours. In the early hours, the asset was trading at a bottom range of $0.004969. With the bullish pressure, PUMP has tested and broken the resistance between $0.004974 and $0.006072 zones, and the price has climbed to a high of $0.006077. As per CMC data, at press time, Pump.fun traded at around the $0.005703 mark. The market cap has reached $2.01 billion, and the daily trading volume has jumped by over 115%, touching $580.86 million. Moreover, the market has seen a 24-hour liquidation event worth $10.37 million of PUMP, according to Coinglass data. Where Do You See the Next PUMP Resistance? Pump.fun’s Moving Average Convergence Divergence (MACD) is found just above the zero line, which indicates a slight bullish momentum. The prices may start to move upward. As the signal line is below the zero line, it shows that the overall trend is still weak or in the recovering stage. Besides, the Chaikin Money Flow (CMF) indicator of PUMP is positioned at 0.13, which suggests a bullish bias with buying pressure outweighing selling pressure. The strength of the value is modest — not extremely strong, and it does suggest accumulation and inflows into the asset. Assuming the bullish sentiment of Pump.fun strengthens, the price might move up to test the $0.005713…
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