Pump.fun [$PUMP] extended its recent momentum into the new month.
The Solana-based memecoin launchpad’s token surged 10% over 24 hours, approaching the $0.002245 resistance level. Buyers remained in control as $PUMP formed higher highs and held above its key moving averages.
Interestingly, stronger protocol activity supported the move, improving the case for continued momentum.
Is Pump.fun revenue supporting $PUMP?
Pump.fun’s protocol activity accelerated over the past month. The platform generated $32.84 million in Revenue over 30 days, approximately $6 million above the previous monthly total.
Meanwhile, daily protocol Fees increased 22.6% month over month, indicating higher activity across the platform.
Improving Revenue suggested that Pump.fun’s usage was strengthening alongside $PUMP’s rally. That alignment made the price advance more notable as network activity began supporting the bullish technical setup.
Can $PUMP break $0.002245?
On the daily chart, $PUMP’s price action reflected the improving sentiment.
The token traded above its key Exponential Moving Averages, preserving the bullish structure developed over recent weeks. Each pullback attracted buyers, allowing $PUMP to climb steadily toward the $0.002245 resistance level.
A decisive daily close above this level could strengthen the case for another bullish move.
By contrast, another rejection could trigger short-term profit-taking following the recent rally.
For now, buyers appear to hold the advantage. Rising Revenue, higher activity, and bullish price structure point toward improving conditions.
However, a sustained breakout would require enough fresh demand to absorb selling pressure around the resistance.
Where could $PUMP price go next?
CoinGlass data identified a $395,000 liquidity cluster near $0.002263.
That level could become $PUMP’s next target if the daily candle closes above $0.002245. However, the narrow gap between both levels leaves little room before liquidity becomes the market’s next test.
Final Summary
- $PUMP gained 10% and approached the critical $0.002245 resistance level.
- Pump.fun generated $32.84 million in monthly Revenue as daily Fees increased 22.6%.
ambcrypto.com