The post Pump.fun Price Hits $0.005098, Traders Watch for Confirmation Above $0.0051 appeared first on Coinpedia Fintech News
Have you been watching Pump.fun Coin lately? The PUMP price action is finally catching eyes, and technical signals are lighting up. After weeks stuck below its 30-day SMA, PUMP has punched through the $0.0049 ceiling. Sentiment is shifting quickly. In just 24 hours, PUMP leapt 10.4% to $0.005098.Â
Successively, it adds 30.98% on the week, ramping up market cap to $1.8 billion with $418.2 million in trading volume. What’s fueling the move? The catalyst was the PadreApp Acquisition Airdrop, injecting new liquidity as $PADRE holders migrated assets into the Pump.fun ecosystem. Perpetual market inflows exploded, with $37.5 million in daily open interest.
PUMP Price Analysis
Looking closer, PUMP’s price rally is rooted in a clear shift in momentum. The MACD histogram has turned positive at +0.00014468, which confirms the bullish crossover potential that technical traders crave. RSI is sitting at a healthy 66.9, well into bullish territory. The strongest signal came as PUMP broke above the 30-day SMA at $0.0049.Â
Now, price action is testing the $0.0051 mark. Sustaining a close above $0.0051 could open a fast route to $0.0059977, where resistance will likely attract profit-takers. But risk lurks beneath the excitement. PUMP’s ascent reflects both speculation and calculated positioning, with much of the volume coming from derivatives.Â
That being said, if liquidity dries up or speculative inflows reverse, volatility could snap back sharply. For now, the main focus is whether buyers can hold the price above $0.0051 to confirm this breakout as more than a one-off surge. Failing that, watch for a retracement at $0.0059977 if rapid profit-taking sets in.
FAQs
Pump.fun Coin price soared due to bullish technical momentum, and strategic liquidity from the PadreApp Acquisition Airdrop. And also because of surging open interest in perpetuals.
Its sustainability depends on holding above the $0.0051 breakout level. If buyers keep control and inflows persist, a move to $0.0059977 is likely.
The airdrop played a key role, attracting new liquidity as $PADRE holders migrated to Pump.fun.
