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PUMP Token Shows Resilience Amid Market Volatility, Eyes $0.00317 Target
PUMP Token Shows Resilience Amid Market Volatility, Eyes $0.00317 Target
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BTCCSquare news:
Pump.fun's PUMP token demonstrates unexpected strength despite declining market volumes, with technical indicators hinting at a potential breakout. The asset dipped 1.23% to $0.002637 amid broader crypto market stagnation, yet maintains a $933.52 million market cap.
On-chain metrics reveal conservative investor sentiment masking underlying upside potential. Trading volume plummeted 33.52% to $404.55 million, signaling temporary market hesitation rather than sustained bearish momentum.
The 4-hour chart shows PUMP consolidating below the 9-period EMA at $0.00266, with Bollinger Bands suggesting $0.00317 as a plausible near-term target. MACD readings flash early signs of trend reversal, presenting a compelling case for contrarian investors.
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