Key Insights
- PUMP rose 1.1% over the past 24 hours, outperforming the broader crypto market.
- The recent rally follows Pump.fun’s launch of a new callout feature that lets creators share trending coins on the platform.
Pump.fun DEX volume rises as price approaches $0.003
PUMP, the native token of the Pump.fun decentralized exchange, has gained about 1% in the last 24 hours and is trading stronger than the wider crypto market.
This positive move comes after Pump.fun released a callout feature that allows creators to share listed coins with their followers. That update may boost social interest and trading activity across the platform.
The launch coincides with rising DEX volume on Pump.fun, which reached $84.34 million a few hours ago.
Derivatives data, however, point to uneven retail interest in PUMP as capital flows and funding rates have fluctuated over the past week. CoinGlass shows PUMP’s open interest (OI) fell about 2% in the last 24 hours to $237.69 million, after briefly rising to roughly $250 million twice so far this month.
The OI-weighted funding rate sits at -0.0032%, a negative reading that suggests a heavier concentration of short positions among traders.
PUMP eyes the psychological $0.0033 level
The PUMP/USD 4-hour chart remains bullish and well-structured, with the token posting strong gains since the start of the week. After rejections during the last two sessions, PUMP is trading around $0.0029.
Momentum indicators support the recovery: the Moving Average Convergence Divergence (MACD) stays above its signal line in positive territory, while the Relative Strength Index (RSI) near 60 is climbing toward overbought conditions, consistent with this week’s rebound.
A daily close above $0.003000 would reinforce short-term bullish bias and likely push PUMP toward the psychological $0.0033 level. The next major resistance is near $0.004048.
Conversely, if bulls fail to hold and PUMP drops below the 20-day EMA around $0.002577, the token could slide further toward the support level at $0.002330.