Important collection restaurants
The Pomp.fun ICO saw the pumping smoking achieving amazing valuations. As the rest of the crypto market climbs higher, Pump also seemed to collect. It succeeded in converting the resistance in the short term to $ 0.006 of resistance to support.
Pump.fun [PUMP] Token was already on the press of the press of $ 2.33 billion market capital. With only 35.4% of the total supply in circulation, the fully diluted value can be a much larger $ 6.58 billion. The high appreciation saw token coming in the top 65 through market capitalization on coinmarketcap, and it was arranged 44th at the time of writing.
The Pomp.Fun ICO for the pumping smoking was sold out in 12 minutes on Saturday 12 July. The offer has collected $ 600 million and combined with private sale, could bring the proceeds to $ 1.32 billion.
Bullish conviction is the supreme for pump … at least for now
The Open interest Behind the pump increased by 8.85% for the past 24 hours. This can be a signal from Bullish conviction in the short term. Coinalyze – data in fact revealed an aggregated OI of $ 937.7 million at the time of writing – a no less than figure for a newly launched token.
Source: Pump/USDT on TradingView
The graph of 30 minutes emphasized a sturdy bullish prospect. The region of $ 0.006, marked in purple, was a resistance in the past 24 hours in the past 24 hours. The buyers drove the token past this food zone. The violation of this resistance was followed by the retest as support, before it was redefined in just four hours with another 13%.
However, the RSI meant a bearish divergence. It made a lower high while the price of the pump made a higher high, which closed a 30 -minute candle for $ 0.0068.
Within an hour after the development of this divergence, Pomp. Fun pulled by 2.7% on the graphs. It could build a base in the $ 0.0065 area before it raises its next impulse movement. Finally, the upward trend pointed to the OBV on the dominance of the buyer and a steady, long -term buying pressure.
In general, the price of the short term seemed promising for pump. The long-term effects of the Memecoin Launch platform will be discussed for a while by crypto participants.
Disclaimer: The presented information does not form financial, investments, trade or other types of advice and is only the opinion of the writer