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.
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