PUMP: The PUMP crypto asset is the official utility coin of the pump.fun coin launch platform and the swap.pump.fun automated market maker (AMM) protocol (together, the “Pump.Fun Protocols”). The PUMP crypto asset is not required to utilize the Pump.Fun Protocols, which remain permissionless. Holders of the PUMP crypto asset may choose to participate in promotional giveaways from the Pump.Fun Protocols. The PUMP crypto asset is a utility coin used alongside the pump.fun brand behind the Pump.Fun Protocols.
PUMP has a market cap of $606.45 million, as of date, while the total crypto market cap stands at $2.62 trillion. On the daily chart, PUMP is trading at $0.001824, after experiencing a correction from the $0.005473 levels. The price chart is now showing early signs of recovery, with improving momentum and sustaining above its support zone.
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Technical Chart of PUMP
On the daily chart, the PUMP price is trading below its Simple Moving Averages (14 and 21 periods) at levels of $0.001833 and $0.001834, but volume indicates a potential shift in momentum in the coming sessions.
On the daily chart, the Relative Strength Index (RSI) is at 50.60 and the Stochastic is at 49.34, indicating recovery from the oversold zone.
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Support and Resistance Levels
| Support 2 | Support 1 | Asset (Price) | Resistance 1 | Resistance 2 |
| $0.001332 | $0.001596 | PUMP ($0.001824) | $0.002152 | $0.002642 |
Above $0.002642, there is a possibility of hitting the $0.003170 level.
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