At press time, Pump.fun price was trading at $0.004400 which has jumped by 8.5% over the past 24 hours. Its trading volume has increased by 80% to $184M which hints that traders are actively trading this coin. Since late November, buyers have continuously dominated and kept the funding rate positive. This attitude of perpetuals has resulted in a bullish momentum. Open Interest has increased by more than 20% in the past 24 hours.
Pump.fun price has been falling since October and lost around 25%. Furthermore, the price has been defending a support level of $0.003750. If the price sustains this level on a daily timeframe, buyers would dominate further. On the other hand, if the PUMP price starts trading below this level, a bearish trend can be seen ahead.