🚨📢🔥Price predictions for Pump.fun #pumpfun 📢
♦️♦️ PUMP rises with renewed demand from users
✅The PUMP token rises by about 10% on Tuesday, extending the gains from the previous day and surpassing the 100-day exponential moving average.
✅On-chain data shows an increase in user activity and DEX volume, reflecting renewed interest in Solana's meme coin launch platform.
✅Renewed retail interest leads to a 33% increase in open interest for PUMP futures contracts within 24 hours, confirming the bullish trend.
✅Pump.fun (PUMP) achieves an increase of about 10% at the time of publication on Tuesday, benefiting from a 10% gain from the previous day. The renewed recovery in PUMP aligns with an increase in network activity, including a rise in the number of users and platform volume following the announcement of a $3 million Pump fund. In the derivatives market, risk sentiment among PUMP investors has returned, as evidenced by the rise in open interest, the liquidation of long positions, and positive funding rates.
✅The technical outlook for PUMP shows a bullish trend, as the price has surpassed the 100-day exponential moving average (EMA) and the Moving Average Convergence Divergence (MACD) indicator gives a buy signal.
