The pair $PUMP /USDT is currently showing a strong upward trend on the 15-minute timeframe, trading at $0.003123. This comes after a period of consolidation where the coin established a solid base above the support level of $0.0020. The trading volume over the last 24 hours has risen to around $312 million, reflecting significant interest and increased market activity.
Technical Analysis
Support and Resistance Levels:
Support: $0.00309 (EMA 7) and $0.00302 (EMA 25).
Resistance: $0.00316 (local peak) and $0.00344 (next major hurdle).
Momentum Indicators:
RSI (6): currently stands at 69.39, close to the overbought area (70+) but still shows room for one last upward push before a potential cooling period.
Moving Averages: the price remains above EMA 99 ($0.00281), confirming that the short-term trend is strongly bullish.
Proposed Trading Plan
Entry Zone: $0.00305 – $0.00310 (preferably enter on a retest of the EMA 7 line)
Profit Targets:
Target 1: $0.00344
Target 2: $0.00420
Target 3: $0.00550.
Stop Loss: $0.00280
Risk to Reward Ratio: ~1:3.5 ⚖️
Discussion Question: Will it continue with the current breakthrough of $PUMP to achieve a new historical peak, or will it settle for profit-taking at the resistance of $0.00316? Share your thoughts in the comments! 👇
