Pump.fun [PUMP] extended its recent momentum into the new month.
The Solana-based memecoin launchpad’s token surged 10% over 24 hours, approaching the $0.002245 resistance level. Buyers remained in control as PUMP formed higher highs and held above its key moving averages.
Interestingly, stronger protocol activity supported the move, improving the case for continued momentum.
Is Pump.fun revenue supporting PUMP?
Pump.fun’s protocol activity accelerated over the past month. The platform generated $32.84 million in Revenue over 30 days, approximately $6 million above the previous monthly total.
Meanwhile, daily protocol Fees increased 22.6% month over month, indicating higher activity across the platform.
Improving Revenue suggested that Pump.fun’s usage was strengthening alongside PUMP’s rally. That alignment made the price advance more notable as network activity began supporting the bullish technical setup.
Can PUMP break $0.002245?
On the daily chart, PUMP’s price action reflected the improving sentiment.
The token traded above its key Exponential Moving Averages, preserving the bullish structure developed over recent weeks. Each pullback attracted buyers, allowing PUMP to climb steadily toward the $0.002245 resistance level.
A decisive daily close above this level could strengthen the case for another bullish move.
By contrast, another rejection could trigger short-term profit-taking following the recent rally.
For now, buyers appear to hold the advantage. Rising Revenue, higher activity, and bullish price structure point toward improving conditions.
However, a sustained breakout would require enough fresh demand to absorb selling pressure around the resistance.
Where could PUMP price go next?
CoinGlass data identified a $395,000 liquidity cluster near $0.002263.
That level could become PUMP’s next target if the daily candle closes above $0.002245. However, the narrow gap between both levels leaves little room before liquidity becomes the market’s next test.
Final Summary
- PUMP gained 10% and approached the critical $0.002245 resistance level.
- Pump.fun generated $32.84 million in monthly Revenue as daily Fees increased 22.6%.
