PEPE and BONK Surge as Meme Coin Market Cap Exceeds $45.3 Billion
- Market Rebound: According to Santiment data, PEPE and BONK surged sharply after retail fear peaked post-holidays, with PEPE rising approximately 67% and BONK about 47%, indicating renewed investor interest in high-risk assets.
- Market Cap Growth: The total meme coin market cap has surpassed $45.3 billion, increasing over 20% in just one week, which signals a resurgence in market risk appetite, with trading volume surging more than 260% during the same period.
- Social Momentum: The strong performance of PEPE and BONK indicates capital concentration rather than dispersion, as PEPE benefits from robust social momentum and high trading volume, while BONK attracts fresh demand after holding key support levels, reflecting a resurgence in market attention.
- Shift in Market Sentiment: With Bitcoin stabilizing and altcoin interest gradually returning, traders appear more willing to take risks, leading to accelerated price movements in meme coins, suggesting that this rebound is not merely a short-term spike but part of a broader market rotation.
Get Real-Time Alerts for Any Crypto Movement
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 | 0.000451 | 0.00106 | 0.00166 | 0.00227 | 0.00287 | 0.00348 | 0.00409 |
| Fibonacci | 0.00106 | 0.00152 | 0.0018 | 0.00227 | 0.00273 | 0.00302 | 0.00348 |
About PUMP
About the author
