The post PUMP: Indecisive price action keeps traders on edge appeared on BitcoinEthereumNews.com.

Pump.fun [PUMP] has rallied 7.9% in the past 24 hours, and its daily trading volume saw a 9.61% bump higher, according to CoinMarketCap data. AMBCrypto had previously reported that the memecoin was flashing a reversal signal, and a two-week trendline resistance has been broken. Additionally, Spot outflows also signaled aggressive accumulation. At the same time, the longer-term price action retained a bearish swing structure. Will PUMP bulls be able to defend the $0.0017 support level once more? PUMP price action has been indecisive lately Source: PUMP/USDT on TradingView Since December, PUMP has oscillated between the $0.0017 and $0.0034 horizontal levels. Within these bounds, it has exhibited multiple internal structure shifts. The most recent one came on the 5th of February. The $0.00225 higher low was breached, shifting the bias bearishly. At the time of writing, the bearish bias was unchanged. At the same time, the $0.0017 local support level from late December 2025 has been defended. The OBV was moving sideways over the past month. It showed neither bulls nor bears had the upper hand to dictate the next trend. The RSI was at 44, showing a slight leaning toward bearish momentum in recent days. However, this does not guarantee a breakdown below the local support. What is PUMP most likely to do in the short term? Source: PUMP/USDT on TradingView The most accurate answer would be “hunt down liquidity.” Over the past week, the Pump.fun token has traded within a range reaching from $0.00170 to $0.00197. At the time of writing, PUMP faced a rejection from the range highs and was sliding lower. The technical indicators did not give a strong signal to either the bulls or the bears in this timeframe. Traders’ call to action – Sell into strength Source: CoinGlass In the short term, traders can remain…

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Filed under: News - @ March 2, 2026 1:03 am