PUMP is showing early signs of stabilization after a prolonged downtrend.
Price is holding above short-term moving averages, indicating modest near-term strength.
Pump.fun (PUMP) is showing early signs of stabilization after a prolonged downtrend, with price attempting to hold higher levels in recent sessions. At the time of writing, PUMP is trading near $0.00306, marking a 24-hour gain of 17.57%. The token recorded an intraday daily low of $0.002583 and a high of $0.003172.
Right now, PUMP’s market capitalization stands at $1.08 billion. Trading activity has picked up notably, with 24-hour volume reaching $387.75 million, indicating active participation following the recent rebound.
PUMP Enters Consolidation Phase with Higher Lows Forming
Looking at the daily chart, PUMP appears to be in a consolidation phase following its earlier downtrend from October highs. Price is now forming higher lows, suggesting that selling pressure has weakened and buyers are gradually def
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