Cryptocurrency Market Sees Widespread Losses; Bitcoin Down 1.61%
- Market Decline: As of 10 AM KST on January 8, major digital assets experienced widespread losses, with Bitcoin (BTC) down 1.61% to $91,269.39, indicating a weakening market sentiment that could impact investor confidence.
- Significant Drops in Ethereum and XRP: Ethereum (ETH) fell 3.05% to $3,167.69 and XRP dropped 4.94% to $2.17, reflecting diminished demand for these major assets, which may lead to liquidity issues in the market.
- Diverse Performance Among Altcoins: MYX Finance (MYX) recorded the largest gain among the top 100 cryptocurrencies, rising 4.16%, while Pump.fun (PUMP) saw the biggest loss at 9.61%, highlighting the market's high volatility and shifting risk appetite among investors.
- New Cryptocurrency Listings: New cryptocurrencies such as Peacock (PCOCK), 辛普森 (辛普森), and BABY PEPE (BPEPE) were listed on CoinMarketCap within the past 24 hours, suggesting that despite the overall market downturn, the introduction of new projects may attract some investor interest.
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Technical Analysis for PUMP
Technical Sentiment Analysis for Pump.fun (PUMP) As of , Pump.fun (PUMP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for PUMP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, PUMP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Pump.fun (PUMP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000452 | 0.00106 | 0.00166 | 0.00227 | 0.00288 | 0.00348 | 0.00409 |
| Fibonacci | 0.00106 | 0.00152 | 0.0018 | 0.00227 | 0.00273 | 0.00302 | 0.00348 |
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