š Pump.Fun (PUMP) Price Predictions for This Week: Will the Memecoin Momentum Hold?
Pump.Fun's native token PUMP faces a critical test this week as traders gauge whether the memecoin frenzy has legsāor if it's just another flash in the pan.
Market watchers eye key resistance levels after last weekās 30% surge. Can it break past the $0.008 barrier, or will profit-taking send it tumbling? On-chain data shows whale accumulation slowing, while retail volume picks upāclassic signs of a momentum shift.
Technical indicators flash mixed signals. RSI sits at 65, hovering near overbought territory. The MACD hints at weakening bullish divergence. If Bitcoin holds steady above $67K, PUMP might catch a bid; if not, prepare for a dip toward support at $0.0055.
Traders betting on a pump might get their wishāthough in crypto, what goes up usually comes down harder. Another week, another gamble dressed up as 'investment.' Just donāt mortgage the house.
Ripple (XRP) Price Predictions: Analysis
1. Pullback Starting After Massive Rally
The price of PUMP has rallied 240% since late August. This allowed it to make a new all-time high and almost reach $0.01. The current ATH is found at $0.0090, which will also act as a resistance level in the future should buyers return. At the time of this post, the price is in a pullback and is currently testing the support at $0.0076.
2. Sellers Could Return
After such an impressive rally, PUMP is overdue for a proper correction that can see sellers return and push the price lower. Should $0.0076 fall, then buyers could retreat to the $0.0069 level, which was the old all-time high achieved during its launch week.
3. RSI Is Overbought
Considering PUMP went up non-stop for weeks, the momentum indicators reached overbought conditions. This can be seen on the 12h RSI, which hit a record at 92 points. Since then, the price fell somewhat, which allowed this indicator to correct.
Nevertheless, the RSI remains in the overbought region at over 70, which could signal that this correction may continue.
