PUMP price recently broke above the 20-day moving average, sparking market attention on a potential rebound in Meme coin行情. Amidst a generally weak overall crypto market sentiment, PUMP still saw a slight increase of 1.3% within 24 hours, with the latest price around $0.00249. Over the past 7 days, it has risen approximately 30%, but the monthly chart remains down 17%, retracing nearly 71% from the September high of $0.00881, and is still in a deep correction zone.
Along with the price rebound, trading activity for PUMP has significantly increased. Spot trading volume in the past 24 hours reached $182 million, up 30% week-over-week, indicating that this is not merely a low-liquidity lift. Data from CoinGlass shows that PUMP futures trading volume also grew 29% to $101 million, with open interest slightly rising to $64 million. The derivatives market sentiment has improved, but there has been no aggressive leverage behavior.
The core driver of this rebound comes from a notable increase in on-chain activity on Pump.fun. Data from Dune Analytics shows that on December 6, the platform’s daily trading volume surged to $116 million, well above the previous range of $60–80 million. Daily active addresses rebounded to over 135,000, and the protocol’s 24-hour revenue reached $2.67 million, setting a multi-month high on-chain engagement.
From a long-term perspective, Pump.fun’s revenue capacity remains strong. The platform projects annual revenue close to $1 billion in 2025, with over $200 million already used for PUMP token buybacks, removing about 10% of the circulating supply from the market, providing some deflationary support for PUMP’s price. However, the platform faces potential litigation risks up to $500 million, along with controversy over “high exit scam rates,” which introduce uncertainty into the project’s fundamentals.
On the technical side, PUMP remains generally bearish to neutral. The RSI has risen to around 50, indicating short-term momentum recovery, but Bollinger Bands have not expanded significantly, and a trend reversal has not been confirmed. Key support is near $0.0020, with resistance concentrated in the $0.0026–$0.0030 range. If it cannot effectively hold above the 20-day moving average, this rally is more likely to be viewed as a rebound rather than a trend reversal.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Crude oil and gold volatility indices hit new highs in 2021, with bullish sentiment dominating the crypto options market.
On March 12th, Gate Research Institute noted that the volatility of traditional assets such as gold and crude oil reached new highs, at 33% and 108% respectively. In the crypto assets sector, the implied volatility of BTC and ETH is also high. Recently, the market has been dominated by put options, but the demand for hedging has weakened, and short-term price fluctuations may be influenced by Gamma effects. Gate has also launched gold and crude oil options, marking the first introduction of traditional assets.
GateNews1m ago
21Shares Analyst: BTC May Fluctuate Between $68,000 and $74,000 in the Short Term
21Shares strategist Matt Mena pointed out that March CPI data has been absorbed by the market. In the short term, BTC is expected to fluctuate between $68,000 and $74,000. After breaking above $75,000, it may enter the $75,000 to $80,000 range. Historically, BTC often rebounds more than 15% after geopolitical shocks, and a restart of rate cuts could accelerate the recovery.
GateNews44m ago
10x Research: Model triggered the most altcoin buy signals since October last year
Gate News Report, March 12 — Market analysis firm 10x Research stated on the X platform that its model has triggered the most altcoin buy signals since October of last year. Although the overall sentiment in the crypto market remains weak and trading volume is near lows, the technical momentum of some altcoins is improving and aligns with fundamental catalysts.
GateNews59m ago
Analyst: Bitcoin's current support level is $62,791, and resistance level is $71,840.
Gate News Report, March 12, According to analyst @alicharts, Bitcoin's current support level is at $62,791, and resistance is at $71,840. The analyst stated that only a clear breakout in either direction can determine the next trend.
GateNews1h ago
Why did Bitcoin rise today? CPI met expectations, and the Federal Reserve confirmed no change in policy
The US February Consumer Price Index met expectations, prompting Bitcoin prices to rebound to around $70,000. The CPI report reduced market uncertainty regarding the Federal Reserve's interest rate decisions, which is favorable for risk assets. Despite global market pressures, Bitcoin continues to benefit from short-term sentiment improvement, but rising energy prices could reignite inflation and impact liquidity. $72,000 is an important resistance level for Bitcoin; a breakthrough is needed for further upward movement.
MarketWhisper1h ago
Today, the cryptocurrency Fear and Greed Index rose to 18, and the market remains in extreme fear.
Gate News Report, March 12 — According to data from Alternative.me, the cryptocurrency Fear & Greed Index rose to 18 today, up from 15 yesterday, but market sentiment remains in a state of "Extreme Fear."
GateNews2h ago
