Pump.fun’s rally gathered pace after the protocol overtook Hyperliquid and Tron in 24-hour revenue, strengthening confidence in its expanding ecosystem.
The platform generated $893,255 in daily revenue, compared with $652,163 for Tron and $542,197 for Hyperliquid, highlighting stronger network activity and user engagement.
Price followed that improving narrative as PUMP climbed 21.16% over the past 24 hours to trade near $0.001993, while trading volume jumped 403.69% to roughly $140 million.
Investor sentiment also improved after Ansem disclosed a fresh $100,000 PUMP purchase, adding another layer of bullish conviction.
Those developments reinforced the view that demand had expanded beyond short-term speculation and reflected growing confidence in Pump.fun’s broader ecosystem.
Why are top traders still leaning long?
Derivatives traders maintained a constructive outlook despite PUMP’s sharp rally. Binance’s Top Trader Long/Short Ratio climbed to 1.60, showing that bullish positions continued to outweigh bearish bets.
Long accounts represented 61.49% of tracked traders, while only 38.51% remained short during the latest reading.
The positioning suggested experienced participants still expected higher prices instead of preparing for a broad reversal. Although aggressive long exposure often increased liquidation risk, traders had not reduced their bullish bias after the recent gains.
Instead, positioning indicated that confidence remained intact as participants continued backing the ongoing recovery.
Even so, sustained buying interest would likely remain necessary to validate those expectations over the coming sessions.
PUMP cleared resistance as RSI neared extremes
PUMP broke above the former $0.001637 resistance and pushed toward $0.0020, shifting that area into an important support zone after the breakout.
Buyers also moved the price closer to the next resistance at $0.002314, while the broader upside target remained around $0.003000 if demand strengthened further.
Meanwhile, the Relative Strength Index (RSI) climbed to 69.57, approaching overbought territory after rising well above its 54.58 signal line.
The reading reflected strengthening buying pressure throughout the rally. However, the indicator also suggested the advance had started reaching stretched conditions.
If buyers defend the newly reclaimed support, PUMP could attempt another move toward $0.002314. Otherwise, rejection near current levels could encourage a short-term pullback before another breakout attempt emerges.
Final Summary
- Pump’s ecosystem expansion and whale buying continued supporting the recent price recovery.
- Bullish positioning and technical strength placed $0.002314 as the next important resistance level.
