đ What is PUMP / Pump.fun
PUMP is the token of Pump.fun, a Solana-based meme coin launchpad. It lets users create/trade meme coins quickly on Solana, even without much technical knowledge.
Supply & tokenomics: max supply ~1 trillion PUMP tokens. Circulating supply fewer, but still very large.
đ Recent Price / Technical Snapshot
Price right now: ~$0.0077â$0.0082 USD (varies by exchange) depending on liquidity.
Recent performance:
⢠7-day rally of ~ +70-100% depending on source.
⢠30-day gains also strong.
Potential resistance / support levels:
⢠Support seems around $0.0065â$0.0070, which is fib retracement and lower recent boundary.
⢠Resistance around $0.0090 or higher if strong momentum continues.
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â ď¸ Risks & Red Flags
High supply base: even though some is out of circulation or used for rewards, large supply can add pressure.
Concentration of holdings: top wallets (âwhalesâ) hold big chunk of supply. Slate of holders could dump at signs of weakness.
Overbought signals: recent strong moves may mean short-term exhaustion. If momentum slows, pullbacks possible.
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đ What Could Happen in the Next 1-2 Days
Here are plausible scenarios based on the technicals & sentiment:
Scenario What Might Trigger It Price Behavior Estimate
Bullish continuation Strong volume, more headlines or exchange activity, continued buybacks, favorable market/altcoin momentum Price could test resistance near $0.0090â$0.0100. Some upside if momentum holds.
Pullback / consolidation Overbought indicators, profit-taking from whales, weak volume, broader market fallback Retrace to support near $0.0065-$0.0070, maybe dipping a bit below if weak. Could bounce from there.
Sideways drift Mixed signals, neither strong inflow nor strong sell-pressure Price may oscillate between support & resistance, perhaps $0.0070-$0.0085 range, with low volatility.