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Just a week ago, the Pump.fun token dropped to its lowest ever price. It had fallen all the way down to $0.0023. Many people thought it was over for the token. Some even said it was completely dead. But things took a turn. The price jumped back up by 43 per cent from that point. This sudden rise has brought attention back to the token. People are now wondering if this comeback can last or if it will crash again.
Right now, the price of the token is moving in a steady upward direction. It is slowly increasing higher price and not falling too low in between. This is a good sign. It usually means that buyers are showing more interest, and the market mood is getting better. If the token keeps moving this way, it could gather enough strength to push through its next price barrier. If that happens, we might see a bigger rally.
A few technical tools used by traders are also showing positive signs. One of them is the Awesome Oscillator. This tool has now moved above zero. That usually means buyers are stronger than sellers. If this keeps going and trading volume stays healthy, the token may rise even more.
The next important price level to watch is $0.039. If Pump.fun goes above that level, the next target could be $0.046. That would be a solid gain from where it is now.
Shorter timeframes also show a similar trend. On the 2-hour chart, the token is still making higher lows. This means people are slowly buying and holding. Another tool, called the Money Flow Index, has also gone above the middle line. This tells us that more money is coming into the token than going out.
One more indicator, the Supertrend, has turned green and is now below the current price. That’s another sign that the token is in a strong position. With all of this together, the token looks ready to test the $0.038 level again.
If it breaks above this, the chances of hitting $0.046 get stronger. But if buyers lose strength and fail to hold the current support, the token might fall again. In that case, the price could drop below the current trend and head for new lows.
Right now, the signs look good. But like all memecoins, it’s still a risky bet. Traders should stay alert and avoid jumping in blindly.