Pump.fun (PUMP) is approaching a crucial resistance level as buyers attempt to regain bullish momentum and prevent further declines. Meanwhile, rising user activity is strengthening the platform’s position in the memecoin trading sector. Pump.fun has also surpassed FOMO in new address growth, pointing to increased interest in its trading ecosystem.
As of now, according to CoinMarketCap data, Pump.fun is trading at $0.004072, up 0.46% over the past 24 hours and down 3.44% over the past week.
PUMP Needs $0.00525 Breakout to Restore Bullish Momentum
Crypto analyst Tranquility Crypto has identified $0.00525 as a key resistance level that could determine Pump.fun’s next price move. According to the analyst, buyers need to push PUMP above this level to build recovery momentum. Another rejection, on the other hand, could expose the token to further downside.
The four-hour chart shows that PUMP has struggled to maintain its previous upward momentum, with lower highs and repeated selling pressure indicating continued weakness. The analyst has also marked a support zone near $0.003, which buyers need to defend to prevent further losses.
A sustained move above $0.00525 could signal improving bullish momentum and create room for a stronger recovery. However, failure to reclaim this resistance may leave PUMP vulnerable to another rejection, potentially sending the price back toward the lower support area.
Tranquility Crypto outlines two possible scenarios for PUMP. A breakout above resistance could support a bullish recovery, while continued selling pressure may lead to another decline. Price action around these technical levels could help determine the token’s short-term direction.
Pump.fun Surpasses FOMO in New Address Growth
The data from Whale Factor shows that Pump.fun has gained ground in attracting new addresses, overtaking FOMO over the past month. PUMP recorded approximately 61,700 new addresses, compared with around 55,300 for FOMO. The difference points to stronger address growth for Pump.fun and increasing interest in its memecoin trading platform.
The figures also highlight a shift in competition between the two platforms. Although FOMO briefly took the lead in attracting new users, Pump.fun has since moved ahead. Its recent address growth suggests that more participants are exploring the platform and trading newly launched memecoins.
The development reflects continued competition among memecoin trading platforms, where user activity can influence market attention and adoption. Maintaining this growth could help Pump.fun strengthen its position in the sector, while FOMO may need to attract more users to close the gap.
