Pump.fun’s rally gained momentum as the protocol surpassed Hyperliquid and Tron in 24-hour revenue, strengthening confidence in the expanding ecosystem.
The platform generated $893,255 in daily revenue compared to $652,163 for Tron and $542,197 for Hyperliquid, underscoring stronger network activity and user engagement.
Price pursued refinement of the narrative PUMP It traded around $0.001993, up 21.16% in the last 24 hours, while trading volume increased by 403.69% to nearly $140 million.
Investor sentiment has also improved since then Ansem announced A new $100,000 PUMP purchase added another layer to the bullish belief.
These developments It reinforced the view that demand has moved beyond short-term speculation and reflects increased confidence in Pump.fun’s wider ecosystem.
Why are the best investors still holding on for the long term?
Derivatives traders maintained their constructive outlook despite the sharp rise in PUMP. Binance’s Best Trader Long/Short Ratio It climbed to 1.60, indicating that bullish positions continue to outweigh bearish bets.
While long accounts represent 61.49% of tracked investors, only 38.51% remained open in recent readings.
Positioning suggests that experienced participants are still waiting for higher prices rather than preparing for a broad comeback. Although aggressive long-term exposure generally increases liquidation risk, traders have not eased their bullish sentiment after recent gains.
Instead, positioning showed that confidence remained intact as participants continued to support the ongoing recovery.
Even so, sustaining buying interest will likely remain necessary for these expectations to be confirmed in the coming sessions.
PUMP clears resistance as RSI approaches extremes
PUMP broke above the previous resistance at $0.001637 and pushed towards $0.0020, shifting this area into a key support zone upon the break.
Buyers also pushed the price closer to the next resistance at $0.002314, while the broader upside target remains around $0.003000 in case demand strengthens further.
Meanwhile, the Relative Strength Index (RSI) climbed to 69.57 after rising well above the 54.58 signal line, approaching the overbought zone.
The reading reflected buying pressure growing stronger throughout the rally. But the indicator also showed that progress was starting to reach tense conditions.
If buyers defend the newly regained support, PUMP could attempt another move towards $0.002314. Otherwise, a rejection near current levels could encourage a short-term pullback before another breakout attempt emerges.
Final Summary
- Pump’s ecosystem expansion and whale acquisitions have continued to support the recent price recovery.
- Bullish positioning and technical strength placed $0.002314 as the next important resistance level.
