Pentosh1 Sees Bullish Trend for PUMP Amid $1.6M Daily Revenue

PUMP, an asset, has maintained $1.6 million in daily revenue despite some skepticism from traders.

According to trader @Pentosh1, on-chain activity is expected to increase further, which could boost the asset's figures.

The price action of PUMP shows a bullish trend structure on the daily chart, with the 4h chart indicating that it is currently within Bollinger bands. The upper resistance level for this band is at $0.00.

Pentosh1 notes that while the price is testing this upper resistance and the RSI is flashing overbought at 73.07, a healthy retracement to the 50-EMA support at $0.00 seems probable before further continuation.