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The Pump.fun price surged 16% in the last 24 hours to trade at $0.003224 as of 12:11 a.m. EST, with trading volumes plunging 10% to $541 million.
The sharp rise in the PUMP price propelled the asset to the top of CoinMarketCap’s gainers list.
Can the bulls sustain the uptrend?
Pump.fun Price Targets 15% Rally As Double Bottom Points To Breakout
The PUMP price has broken out of a double bottom formation, a bullish reversal pattern typically seen after a downtrend.
The two distinct troughs formed around the $0.0025 level mark the base, with the breakout above the neckline near $0.00284 confirming the pattern, as GeckoTerminal data shows.
PUMP’s breakout has been sharp, pushing the Pump.fun price toward the $0.00325 zone, suggesting potential for further gains.
On the 1-hour timeframe, the price of Pump.fun has already crossed above both the 50 and 200 Simple Moving Averages (SMAs), an indication that the trend is still bullish.
Meanwhile, the Relative Strength Index (RSI) at 75.79 shows that the asset is under intense buying pressure, but investors should be cautious, as this overbought level could lead to a slight correction.
With the double bottom breakout confirmed and momentum strong, PUMP/USD appears poised to reach the projected target near $0.0037, representing a 15% upside from the current level.
However, given the overbought RSI, a brief retest of the breakout zone around $0.00284 could occur before continuation. Further downside could push PUMP back to the $0.0026 support level, within the 50 SMA.
Meanwhile, opportunistic investors are redirecting their funds to a new ICO crypto called Snorter Token (SNORT). According to 99Bitcoins, a popular crypto YouTube channel with over 723K subscribers, SNORT could potentially soar 10X on launch.
Snorter Token Hits $2.6M In Fast-Growing Crypto Presale
The Snorter Token presale is generating strong interest, having already crossed the $2.6 million mark in early contributions.
Snorter bot is a full-stack, Telegram-native trading assistant built to help everyday traders snipe high-upside meme coins the moment they launch, with the speed, automation, and protection that until now was only available to whales.
The project uses private Solana RPC nodes to fire off sub-second trades. This bypasses the congestion that cripples most bots during token launches.
The bot is entering a space where most users currently favor Trojan and BonkBot, two bots that have gained prominence on the Solana blockchain for their affordable fees and secure transactions.
Top 9 trending memecoins on Solana:
1. PENGU
2. USELESS
3. WIF
4. SNORTER
5. FARTCOIN
6. VINE
7. MYRO
8. BONK
9. PUMPSWAPThese are shaking the #Solana memecoin scene now. pic.twitter.com/hHAIYSbzyW
— Riley's Memecoin Radar (@RileyMemeInvest) July 31, 2025
However, Snorter Bot beats the competition in terms of fees. By simply holding the SNORT token, traders reduce their execution fees from 1.5% to 0.85%, undercutting other Telegram crypto trading bots.
Moreover, the bot has a built-in honeypot and rug-pull detection feature that scans contracts and protects users from any suspicious projects.
In addition to its trading features, staking rewards currently sit at 162%, but this decreases as more investors join the ICO.
The presale is now live, and the token is selling at $0.0997. Tokens can be bought with SOL, ETH, BNB, or a bank card, and staked directly on the official site.
Interested investors will want to buy before the next presale price hike in less than 1 hour.
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