Here’s Why Pump.Fun (PUMP) Price Is Pumping Today

Pump.Fun is leading the crypto market today, posting a 12.3% gain and trading at $0.002923. This sudden move comes as trading volume climbs nearly 8%, placing PUMP at the top of the daily gainers list. 

The surge follows growing speculation about a new incentive mechanism that could bring activity back to the platform.

The PUMP price move appears to be driven by a leaked SDK update pointing to an upcoming PUMP token incentive program. Yesterday, Web3 analyst ZYN shared on X (formerly Twitter) that Pump.Fun is preparing a 30-day reward system designed to regain market share. 

The post noted new features like bonding curve support, volume tracking, and dedicated infrastructure for measuring participation.

This development sparked a sharp 17% intraday move, as traders positioned ahead of a potential liquidity boost. 

With PUMP expected to serve as the reward currency for the program, speculation suggests higher demand for the token if user activity rises. The leak also mentions support from Dumpster DAO, which could provide additional exposure.

Read Also: How Much Could 1,000 XRP Tokens Be Worth by 2026?

Pump.Fun Chart Shows Breakout Attempt From Prolonged Downtrend

The 4H chart for PUMP price shows a persistent downtrend spanning multiple weeks, marked by lower highs and lower lows. However, price action is now testing a descending resistance line that has not been broken since mid-July.

The $0.002913 price is now consolidating just below this trendline. A close above here could alter short-term sentiment.

Support is at hand in the $0.00280–$0.00285 region, further support at $0.00260–$0.00270. Resistance will be seen at $0.00320 and $0.00360 if the breakout holds.

Read Also: Injective (INJ) Is Back at the Level Where It Did 40X: Same Setup

Image Source: TradingView.com

PUMP Price Momentum Builds But Confirmation Still Needed

Technical indicators reflect a shift in momentum. The 14-period RSI has bounced to 45.33 and crossed above its signal line of 34.99. This development signals early bullish pressure but remains below the 50 threshold.

The descending trendline remains the key level to watch. A confirmed breakout could flip the short-term trend bullish. If rejected, Pump.Fun price may revisit lower support zones. Traders continue to monitor activity as details of the incentive program emerge.

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Boluwatife Afe
Boluwatife Afe

Boluwatife is a dedicated content strategist specializing in the crypto industry and is passionate about blockchain technology and digital currencies. With a keen eye for emerging trends and a talent for making complex topics accessible, Boluwatife aims to educate and inspire the crypto community through engaging and insightful content.

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