Pump.fun Price Prediction: As PUMP Plummets 22% After Trading Goes Live, Traders Turn To This Telegram-Native Bot To Find The Next 10X Crypto

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Pump.fun price
Pump.fun price

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The Pump.fun price plummeted 22% in the last 24 hours to trade at $0.005702 as of 10:42 p.m. EST as investors offload their holdings in the crypto on the market. 

The steep drop in the PUMP price comes after trading was activated for the token yesterday. This followed the altcoin’s high-profile public sale, which sold out in 12 minutes. Tokens were then untradable and untransferable for 48-72 hours while participants received their tokens.

Once the transfers were complete and trading was activated, it seems investors rushed to cash in.

Pump.fun Price Nears Support, Will The Level Hold?

PUMP Chart Image

15-minute chart for PUMP/USD (Source: GeckoTerminal)

The Pump.fun price is nearing a newly-formed support level at $0.005598, data from GeckoTerminal shows. Should the crypto drop below this point within the next hour, it could continue to drop in the short term. Traders might then target the subsequent technical safety net at $0.005242.

In a more bullish scenario, traders could identify the current Pump.fun price as a buy opportunity. If this happens, the altcoin might try to flip the resistance level at $0.005983 and potentially rise to a previous high at $0.006358 if the bullish pressure persists.

Technicals Point To A Continued Pump.fun Price Drop In The Short Term

Technical indicators, however, warn the Pump.fun price could keep dropping in the next few hours. More specifically, the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) show bears are starting to take control.

The MACD line crossed below the MACD Signal line in the last hour, which is a classic bearish technical flag. This suggests that momentum has shifted in favor of sellers, probably due to investors that are offloading their coins on the market after trading was activated for the PUMP token. 

Ever since the MACD line crossed below the MACD Signal line, the gap between the two technical indicators has started to grow. Traders might see this as an indication that the crypto’s bearish momentum is picking up steam.

Meanwhile, the RSI has dropped gradually over the past couple of hours as well, which usually signals decreasing buyer strength. The current reading above 50 suggests PUMP’s price could go either way, but the growing bearish momentum and downward slope of the RSI warn a price drop is more likely in the short term.

As the Pump.fun price clings to support, investors continue to buy into the presale for Snorter Token (SNORT). According to popular YouTube channel 99Bitcoins, which has over 723K subscribers, SNORT has the potential to soar 10X at launch.

Snorter Bot Finds Hidden Crypto Gems For Users

Not only is Snorter Token a potential 10X play, according to experts. The project also helps users uncover hidden gems in the market that could lead to parabolic gains through a lightning-fast and cost-effective bot.

Unlike many other crypto trading bots that require users to utilize browser-based tools, Snorter Bot operates within Telegram. This enables users to snipe new tokens as they emerge, perform sub-second swaps, copy other top traders, and monitor their portfolios in real-time, all from the popular messaging app.

While trading new crypto tokens can be risky, Snorter bot users can rest assured that the bot has their backs. Along with its trade speeds and precision execution, the bot also comes with advanced rug pull and honeypot scam detection, which has shown an 85% success rate in safeguarding users’ assets against these threats.

All of that functionality also comes with competitively low fees. By simply holding SNORT tokens, users slash their fees from 1.5% to just 0.85%. This undercuts all crypto trading bot rivals in the market. 

Initially, the bot will function on the Solana blockchain, which is favored by meme coin developers. However, the team has said in the project’s roadmap that Snorter bot’s functionality will be expanded to networks that support the Ethereum Virtual Machine (EVM).

Investors Bet Big On SNORT’s Future

There is already strong demand for what Snorter Token has to offer, as evident by the more than $1.8 million in early-stage funding the project has raised through its ongoing presale so far. 

Interested investors can participate in the ICO via the simple widget embedded on the project’s website. Selling for $0.0981, SNORT can be purchased using either crypto or bank card. 

Once bought, tokens can then be put to work in the project’s presale staking pool that currently offers a generous 206% APY.

Anyone looking to buy at the best presale rate will want to hurry, because SNORT’s price will increase as the ICO progresses. The next presale price hike is just 7 hours away.

Visit the official Snorter Token website. 

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