Solana Memecoin Platform Pump.fun Hits Record Highs
- Surge in Platform Activity: Pump.fun's daily token creation reached nearly 39,000 in January, marking the highest level since April 2025, indicating a significant uptick in sector activity that could attract more investor interest.
- Significant User Growth: As of January 27, daily active addresses on Pump.fun hit 300,000, with over half being newly created wallets, suggesting that the influx of new users is revitalizing the platform and enhancing trading potential.
- Buyback Support: On January 27, more than 19,000 SOL were used to buy back PUMP tokens, setting a record for the highest daily buyback amount, which has repurchased over 21% of the total supply, providing strong price support for the token.
- Market Capitalization Increase: The Solana memecoin market cap reached $5.9 billion, up 5.3% over 24 hours with trading volume exceeding $1 billion, indicating potential market recovery, although most tokens remain down over 90% from their peaks.
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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 7 technical signals, shows that 3 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 | 0.000412 | 0.00104 | 0.00169 | 0.00231 | 0.00297 | 0.00359 | 0.00424 |
| Fibonacci | 0.00104 | 0.00152 | 0.00182 | 0.00231 | 0.0028 | 0.0031 | 0.00359 |
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