Crypto
Pump.fun Token Surges 14%, Tests Key Resistance at $0.006
Pump.fun's PUMP token has been on an upward trajectory over the past 24 hours, gaining roughly 14% and pushing its price close to $0.006.
This surge in momentum is largely due to strong technical indicators, with the Relative Strength Index (RSI) sitting near 67.65 and the Moving Average Convergence Divergence (MACD) line above the signal line.
The recent buybacks by Pump.fun have also contributed to this upward movement. The platform has spent a total of $1.02 million buying and burning 187.1 million PUMP tokens at an average price of around $0.005446.