Pump price prediction – Is this week a good time for traders to bet on a rally?

PUMP’s trading volume rose by 11.87% in 24 hours, with Open Interest increasing by 2.05%. Despite some positive indicators, the sentiment remains bearish in the short term. A significant breakthrough at the 0.0052 USD resistance level is essential for restoring bullish trends.

Recent gains in other memecoins, like Dogecoin with a 3.5% rise, contribute to a favorable mood for altcoins. However, traders should remain cautious due to PUMP’s overall bearish structure unless the price surges above the critical resistance.