Stock surge: $PUMP soars 25%, snaps downtrend as price nears resistance level
In the cryptocurrency market, PUMP/USDT has experienced a significant surge, finding itself in a short-term bullish trend as of August 7, 2025. This upward momentum is supported by technical indicators, with the price hovering around $0.0033 to $0.0034.
The price is currently holding above the 100-period exponential moving average (EMA) near $0.0033, which acts as a key support level. The MACD indicator on the 4-hour chart maintains a buy signal, further confirming the ongoing upward momentum.
Key price levels to watch include the immediate support at $0.0033 (100-period EMA), crucial to maintain the bullish momentum. If the price dips, secondary support can be found approximately at $0.0030, which corresponds to the 50-period EMA.
The next major resistance is historically near $0.0040 or higher, with previous all-time high around $0.0068.
While the Relative Strength Index (RSI) is in bullish territory, it shows some weakness, indicating potential caution for a short-term pullback if buying pressure decreases. However, the overall sentiment remains optimistic in the short term. Traders should monitor the key EMA supports and MACD signals for potential trend reversals.
The recent surge has led to a narrow 24-hour range for PUMP, indicating active market response to the current prices. The price remains below previous highs, but the breakout above the resistance trendline introduces a new market structure for PUMP. This structure suggests more consolidation towards the end of the trend, typically a sign of upcoming volatility.
Some previous traders may have exited the market, but current trading activity indicates a desire to re-engage. In the recent period, PUMP is outperforming the broader market.
In Bitcoin terms, PUMP has gained 23.3% over the same period, indicating notable strength amidst broader market uncertainty. The recent trading activity of PUMP suggests a potential for increased volatility due to the consolidation observed in the coin structure.
Sources:
[1] 99Bitcoins (2025-08-07) [2] FXStreet (2025-08-06) [4] TradingView (2025-07-14)
- The bullish trend of PUMP/USDT, despite some potential short-term pullback due to RSI weakness, continues to receive support from key technological indicators like the 100-period EMA and MACD.
- Crypto traders are advised to monitor the ongoing investing trend by keeping an eye on the key EMA supports and MACD signals, as they can signal significant trend reversals in the finance market.
- With its recent surge, PUMP's crypto market structure has become more complex, indicating upcoming volatility and potentially offering opportunities for crypto investors.
