💥NEW:$PUMP
PUMP has delivered a sharp upside move (+20%+), confirming strong bullish momentum backed by volume and positive project news. Structurally, price is trending higher with higher highs and higher lows, keeping bulls in control for now.
Outlook:
Near-term: Expect consolidation or a mild pullback due to overbought RSI conditions. This would be healthy after the recent vertical move.
Bullish continuation scenario: Holding above the 0.00285–0.00295 support zone could open the door for a retest of 0.00320+.
Risk scenario: Whale-related transfers and overheated momentum may trigger short-term profit-taking, leading to range-bound movement.
Bias: Bullish structure, cautious execution.
Strategy: Favor pullbacks over chasing strength.
Read the momentum, respect the heat.