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The Pump.fun price soared 20% in a week and 9% in the last 24 hours to trade at $0.003494 as of 3:20 a.m. EST on trading volume that surged 12% to $244.68 million.
Pump.fun is one of the projects that saw strong price performance recently, despite Bitcoin struggling over the past few weeks. Typically, Bitcoin’s decline pulls most altcoins down with it, but PUMP managed to decouple from the largest cryptocurrency and become one of the best performers.
However, it saw a minor decline over the weekend, which was interrupted by a new Bitcoin-led rally that kicked off around the same time, allowing it to soar once again, even more sharply than before. As a result, both cryptocurrencies recovered a significant portion of their lost value, re-awakening optimism among traders.
Pump.fun Price Prediction
The Pump.fun price surged early last week, reaching a resistance at $0.0035 by early Wednesday. This proved to be a major barrier that the project failed to breach, however, despite sticking close to it and trying to overcome it multiple times in the past five days.
Its price finally got rejected on Saturday, spiraling down to nearly $0.0030. However, at this point, Bitcoin has already been growing steadily for several days, and it started seeing a sharp surge in the early hours of Monday, which encouraged traders to buy, both BTC and many altcoins, Pump.fun included.
PUMP/USDT chart analysis (Source: TradingView)
The token’s Bollinger Bands saw a massive widening as a result, as its price pushed higher and higher up, reaching the resistance at $0.0035 in only a few hours. However, the token’s Relative Strength Index (RSI) suggests that Pump.fun might fail to breach this level once again.
Right now, the RSI is deeply in the overbought zone, and it has been fluctuating between the values of 76.78 and 70 for over six hours. This suggests the token may soon correct without breaching the $0.0035 resistance. However, if the traders keep pushing as part of the new bull run, then this level might get breached after all, and it could become a new support for the token.
Promising Alternative To Pump.fun
With the odds low that Pump.fun will rise higher, many investors have turned to Snorter Token (SNORT), a new meme coin currently in presale.
However, SNORT is not just a regular meme coin, it is also the native cryptocurrency of a Solana meme coin crypto trading bot that promises to revolutionize the trading experience for crypto users.
Snorter is represented by an adventurous aardvark that blends meme coin fun with real crypto trading prowess. It is powered through Telegram, and it is one of the most advanced new trading bots on the market.
Those who buy its token and use it will experience a number of special perks, including the lowest fees and fastest executions on Solana, exclusive access to new tokens, as well as front-running and MEV protection.
Snorter also offers fast and secure swaps, automated sniping of new tokens, limit orders, honeypot detection, rugpull protection, and even copy-trading for newcomers to the trading sector. Its lengthy list of features attracted quite a few investors, and it allowed the project’s ICO to raise over $2.98 million.
More than that, it has attracted the attention of experts and influencers such as CryptoDNES, a YouTuber with over 22.8k subscribers, who speculated that it could be the next 10x presale.
If you wish to join others who invested in SNORT for only $0.1009 apiece, buy now, before the next ICO price hike in less than 2 days.
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