Bulls Defend Pump .fun Support, Eyeing 30% Breakout To 0.007$Hello✌️
Let’s analyze Pum p.fun’s price action both technically and fundamentally 📈.
🔍Fundamental analysis:
Pum p. fun bought back billions of PUMP tokens to cut supply and support price stability. With neutral RSI and MACD, the token might bounce if new upgrades gain more users.
📊Technica
PUMP - Expanded Flat - Near Invalidation LevelLooks like NYSE:PUMP has also finished an oddly structured 5-wave down for an expanded flat finish, coincidentally the 1.618 extension falls JUST above the line of invalidation for wave 1, makes for compelling evidence this could serve as a likely local low.
Wave-Count Confidence: Strong/Above A
PumpToken Defends Support and Eyes Higher RotationPumpToken has staged a bullish rebound from a critical daily support level that aligned with the 0.618 Fibonacci retracement and a VWAP flip. This reaction has powered price into higher timeframe resistance, with bulls now eyeing continuation if momentum sustains.
The recent price action on PumpTok
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy