Memecoin Mania: PUMP Goes…Up? 🧐

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Right. So, PUMP, that little digital thingummy, has decided to wobble upwards. It’s breached its 20-day average, which, frankly, is about as exciting as watching paint dry in zero gravity. Trading volumes are doing a bit of a jig, and people are actually using the platform… momentarily. But a ‘clear trend reversal’? Don’t hold your breath. It’s more like a brief pause for existential questioning. 🤔

  • PUMP’s price has experienced a 30% surge in the last seven days. Seven days! A geological epoch in cryptocurrency terms. Still, it’s nowhere near its September glory days. Sad face. 😞
  • Spot and derivatives volume are up, which probably means people are trading, not necessarily levering themselves into oblivion. Progress, of a sort.
  • Technical indicators are suggesting a ‘relief bounce’. Which, translated from tech-speak, means “it went down for a while, now it’s not going down quite as fast”.

At the last reckoning (apparently, they still have those), PUMP was dawdling around $0.00249, up 1.3% despite the general gloom surrounding everything crypto. It’s a 30% gain in a week, which is… okay, if you’re into okay. Still down 17% this month and a colossal 71% from its previous all-time high of $0.00881. One wonders if anyone remembers that. 🤷🏻‍♀️

Trading activity’s had a little pep in its step, reaching $182 million in the last 24 hours. A 30% increase! Primarily because no one thought anyone would actually buy it. Which throws all the usual liquidity models into a delightful state of chaos.

And the derivatives? Equally bewildering. Futures volume jumped 29% to $101 million, while ‘open interest’ inched up 1.9% to $64 million. Which, as far as we can tell, merely confirms that people are still willing to trade digital tokens based on… hope? 🚀

Platform activity surges

Apparently, all this happened because people actually started using Pump.fun (PUMP). Dune Analytics says daily trading reached $116 million on Dec. 6. A welcome change from the usual $60-80 million slumber. Which is still a lot of money to spend on…well, you know. 🤪

Daily active addresses have suddenly ballooned to 135,242. The highest it’s been in months! No explanation given. 24-hour protocol revenue hit $2.67 million. Which presumably will be used to fund further quantum calculations into the meaning of it all.

Now, for the really impressive bit: Pump.fun hauled in almost a billion dollars in 2025. A fair chunk of that, roughly $200 million, was spent on buying back PUMP tokens. This, they claim, makes it ‘deflationary’. Which is code for ‘slightly less likely to vanish into the digital ether’.

But naturally, it’s not all sunshine and rainbows. There’s a potential lawsuit looming ($500 million! Good heavens!), and endless reports of “rug pulls” – where the creators swan off with everyone’s money. The usual crypto shenanigans, then. 🤦🏻‍♂️

PUMP price technical analysis

The overall feeling is…well, cautiously pessimistic. For ages, PUMP has been going down, then slightly up, then down again. This upward wobble might just be a temporary blip. Don’t cancel your apocalypse prepping just yet.

The Bollinger Bands are doing their thing – price is bouncing off the lower edge. Which is nice for the price, but the bands aren’t widening, so the momentum is…muted. Like a particularly unenthusiastic firework display.

The price is currently prodding at the 20-day moving average from below. A ‘clear daily close above it’ would be…a thing. If it gets rejected, well, the downward trend continues. Which it probably will. Let’s be honest.

Momentum is…confusing. The relative strength index has risen to the mid-50s, indicating some renewed strength. But in a weak market, such rallies often stall. Like a car attempting to drive through treacle.

Support is between $0.0020 and $0.0021, with a stronger floor near $0.0015. Resistance is between $0.0026 and $0.0027. If PUMP can hold above $0.0025, maybe it’ll go to $0.003. If not? Back to $0.002 and the general downward spiral. It’s all terribly predictable, really. 😴

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2026-01-07 10:20