The PUMP token is trading at $0.00321 today, under pressure from a descending resistance trendline and a firm support base. Price structure is starting to compress, which may lead to increased volatility.
Current Price and Support for PUMP
The PUMP token made attempts to break above the $0.00400 level earlier but was unsuccessful. However, buyers are actively defending the support zone between $0.00275 and $0.00285, preventing deeper declines.
Technical Conditions at Resistance Level
Short-term indicators show improving sentiment. The RSI on the 30-minute chart is above 55, indicating increased buying strength. Meanwhile, on-chain data shows a net outflow of $347,910.
Short-Term Price Outlook for PUMP
The key level to watch remains resistance at $0.00335. A breakout above this level could lead to a rally to the next barriers at $0.00355 and $0.00380. If the price falls below $0.00305, it may drop back to $0.00285.
The current market situation for the PUMP token indicates a narrowing price range, and market participants are anticipating a breakout. To shift momentum in their favor, buyers need to reclaim the $0.00335 level.
