The popular token Pump.fun (PUMP) is showing signs of potential growth based on current market metrics and major player activities.
PUMP Price Forecast and Fibonacci Levels
Trend analysis on the Pump.fun chart suggests a 50% increase potential to the $0.009975 level. Currently, PUMP is priced at $0.0065, and if bulls surpass the $0.0076 resistance, this may pave the way to $0.0085 and $0.0099.
Pump.fun Treasury Wallet Activities
According to multiple sources, Pump.fun's treasury wallet has been on an acquisition spree. In the last eight hours, it spent 118,350 SOL (approximately $19.26 million) to buy 2.99 billion PUMP at an average price of $0.0064, while holding $11.48 million in reserve for further purchases.
Analysis of Whale Activity and Market Indices
Recently, a major whale sold 1.25 billion PUMP for a 68% profit. However, this sale did not lead to a price drop, indicating sustained market demand. The Elder-Ray Index shows rising bullish momentum, supporting growth forecasts.
Market analysis indicates that Pump.fun may be on the verge of another growth surge, but short-term traders should monitor key resistance levels and treasury wallet activities.
