PUMP Registers First Inflow In 3 Weeks: Is Price Looking At a Rally?
BeInCrypto
PUMP token saw its first inflows in three weeks, suggesting potential trend reversal amid improving technical indicators.Summary
The PUMP token is showing early signs of recovery after weeks of decline, marked by the first recorded inflows in over three weeks, according to Chaikin Money Flow (CMF) data. This accumulation suggests investor sentiment may be shifting, which is crucial for PUMP rallies historically fueled by retail demand. Furthermore, the Squeeze Momentum Indicator shows momentum turning bullish as the token enters a volatility squeeze phase, often preceding a breakout. Currently trading at $0.003209, PUMP faces resistance at $0.003409; breaking this could lead to targets of $0.003757 and $0.004015. Failure to break resistance risks a drop back to support at $0.002783.
(Source：BeInCrypto)