PUMP has managed to claw its way up 1.1% in the last 24 hours, putting the broader crypto market’s sluggishness to shame. The recent bounce comes directly after Pump.fun rolled out a fresh "callout" feature, essentially allowing creators to loudly shill trending coins on the platform. It’s like giving every influencer a megaphone, but for tokens.
Pump.fun’s DEX volume is surging as the price creeps toward the $0.003 mark. PUMP, the native coin of the Pump.fun DEX, is currently up 1% over the last day, outperforming the broader market’s collective yawn. This positive momentum follows Pump.fun’s release of the callout tool, which lets creators broadcast listed coins to their followers. This latest development could inject some much-needed social buzz and trading activity into the platform, or at least provide more noise to trade on.
The timing of this release coincides with Pump.fun’s DEX volume hitting a respectable $84.34 million just a few hours ago. It seems the promise of easier shilling is enough to get volume moving, even if the underlying interest is still shaky.
However, derivatives data paints a slightly murkier picture, indicating wavering retail interest in PUMP as capital flow and funding rates seesaw over the last week. According to CoinGlass, PUMP’s Open Interest (OI) has dipped 2% in the previous 24 hours to $237.69 million, having been pulled down from $250 million twice this month. Furthermore, the OI-weighted funding rate has slipped into negative territory at -0.0032%, suggesting that traders are leaning heavily into short positions. It’s the classic "show me the money" hesitation.
PUMP is now eyeing the $0.0033 psychological level with the intensity of a degen staring at a 100x chart. The PUMP/USD 4H chart looks bullish and surprisingly efficient, as the cryptocurrency has performed excellently since the start of the week. PUMP is currently trading at $0.0029 after facing rejection in the last two sessions, like it hit a speed bump on the way to the moon. The Moving Average Convergence Divergence (MACD) remains above the signal line and in positive territory, keeping the momentum alive.
The Relative Strength Index (RSI) sits at 60, rising toward the overbought zone, which is consistent with this week’s recovery but serves as a reminder that things can get toasty. If the daily candle manages to close above $0.003000, it would keep the near-term bias supported and likely shove PUMP’s price toward $0.0033. The next major resistance level stands at $0.004048, a target that would make any holder smile. However, if the bulls fumble and PUMP drops below the 20-day EMA at $0.002577, it could dip further toward the $0.002330 support level, forcing traders to re-evaluate their life choices.
