Pump.fun delays its token sale to mid-July
Auction Postponement: Pump.fun has postponed its token auction, initially set for June 25, with potential rescheduling to mid-July due to previous delays and recent account suspensions within the Solana ecosystem. The platform will continue operating without a native token for now.
Market Activity and Expectations: Despite the delay, PUMP tokens are experiencing speculative trading, reaching prices above $7 in pre-market activity. The platform aims for a total valuation of $4B, with expectations of significant demand for the token despite concerns over immediate selling pressure.
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Technical Analysis for PUMP
Technical Sentiment Analysis for Pump.fun (PUMP) As of , Pump.fun (PUMP) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 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 | 0.000409 | 0.00103 | 0.00169 | 0.00231 | 0.00296 | 0.00359 | 0.00424 |
| Fibonacci | 0.00103 | 0.00152 | 0.00182 | 0.00231 | 0.0028 | 0.0031 | 0.00359 |
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