PUMP Nears Crucial Resistance Level as Pump.fun Revenue Surges

Pump.fun's token PUMP has been on a roll lately, surging 10% in the last 24 hours as its price approaches the critical $0.002245 resistance level.

The Solana-based memecoin launchpad's token has formed higher highs and remained above its key moving averages, with buyers firmly in control of the market.

The recent rally is partly attributed to Pump.fun's improving revenue, which rose to approximately $32.84 million over 30 days, a significant increase from the previous monthly total.

This uptick in revenue suggests that Pump.fun's usage is strengthening alongside PUMP's price momentum, creating a bullish technical setup on the daily chart.