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๐ TOPINDIATOURS Update crypto: PUMP Price Jumps 36% As Investor Inflows Trigger Bu
Pump.fun (PUMP) has surged 36% this week, with the token now trading at $0.0068. The rally comes as investors shift their stance, with stronger inflows driving momentum.
Improving market conditions in the broader crypto space have also contributed to the altcoin’s climb, reinforcing bullish confidence among traders.
Pump.fun Token Notes Sharp Inflows
The Chaikin Money Flow (CMF) is showing an uptick, holding above the zero line at the time of writing. This indicates inflows are outweighing outflows, a signal of investor demand for PUMP. Consistent inflows suggest participants are willing to back the asset despite recent volatility in the market.
Crossing and maintaining the CMF above zero is a key sign of strength. For PUMP, this means investors see incentives to allocate capital to the token. Such behavior supports price resilience and creates a stronger foundation for further rallies.
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The Moving Average Convergence Divergence (MACD) also points to strengthening momentum. The indicator is nearing a bullish crossover, where the MACD line would rise above the signal line. If confirmed, this shift would validate the ongoing price strength and suggest that PUMP is entering a new bullish phase.
A confirmed crossover would likely accelerate buying activity and encourage traders to extend exposure. Coupled with the recent rally, this indicator reinforces expectations that PUMP may continue rising.
PUMP Price Could Close In On The ATH
PUMP is currently priced at $0.0068 after its 36% jump over the past week. The token is now targeting resistance at $0.0077, a crucial level that has capped gains in the past. Testing this zone will determine whether the rally can continue toward higher targets.
Breaching $0.0077 is vital for PUMP to reach its all-time high of $0.0090. A breakout could attract fresh inflows, as new investors see potential upside. This milestone would likely strengthen bullish sentiment and support further expansion of the token’s valuation.
If conditions weaken, however, PUMP risks losing momentum. A decline toward $0.0062 support would erase recent gains and invalidate the bullish thesis. Breaking this level could trigger selling pressure, placing the altcoin back under bearish control.
The post PUMP Price Jumps 36% As Investor Inflows Trigger Bullish Crossover appeared first on BeInCrypto.
๐ Sumber: www.beincrypto.com
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