🔥
$PUMP Bullish with Consolidating near high
Recent 1H candles show significant volume expansion during upward moves. The current consolidation near highs occurs on relatively lower volume, suggesting accumulation rather than distribution.
Capital Flow: Strong net inflows across multiple timeframes (4H: +6.30M, 6H: +12.21M, 12H: +15.89M). The 1H contract inflow of +1.94M USDT aligns with recent price appreciation, indicating smart money participation in the move. Spot markets show milder but still positive short-term inflows.
Entry longs
$PUMP : Enter on any pullback to 0.00288-0.00292 range (near MA5 and previous resistance turned support). Alternatively, break above 0.002993 (BOLL upper band) with volume confirmation could offer continuation entry.
Stop Loss: 0.00284 USDT, just below key support at 0.0027783 and MA10
Target Price
$PUMP : 0.00311-0.00325 (5.7%-10.5% upside from entry zone)
RSI overbought conditions on shorter timeframes suggest near-term consolidation is likely. However, the combination of strong capital inflows, bullish MA alignment, and MACD momentum supports further upside toward resistance levels.
#pump #PUMPUSDT #pumpfun