Pump Hits New ATH As Volume Surpasses $1B

Pump Hits New All-Time High as Daily Trading Volume Surges Past $1B

PUMP – the native token of Pump.fun, a Solana-based memecoin platform – has surged nearly 25% in the past 24 hours, reaching a new all-time high (ATH) of $0.008456. This explosive rally comes alongside a massive spike in daily trading volume, which climbed over $1.16 billion, up 132% within a single day.

PUMP Price/Trading Volume. Source:  Santiment

Strong Market Demand Fuels PUMP Rally

According to Santiment, the sharp increase in trading activity highlights growing market interest in the altcoin. When both price and trading volume rise simultaneously, it reflects strong investor confidence and signals further potential upside momentum.

On the technical side, the Aroon Up indicator hit 100%, confirming the strength of the bullish trend. This suggests that buyers are firmly in control and that PUMP’s momentum is likely to continue in the short term.

PUMP Outlook: Another ATH or Pullback Ahead?

At the time of writing, PUMP trades around $0.007803, slightly below its newly set peak of $0.008456. If buying pressure persists, the token could reclaim its ATH and aim for even higher levels.

However, a potential correction remains on the table if profit-taking accelerates. In such a scenario, PUMP could retrace to its key support level at $0.007131.

PUMP Price Analysis. Source :TradingView

Conclusion

With surging trading volume and strong bullish indicators, PUMP appears well-positioned for a potential new upward cycle. Still, traders should remain cautious of short-term corrections as volatility remains high.

Disclaimer: The content above reflects the author’s personal views and does not represent any official position of Cobic News. The information provided is for informational purposes only and should not be considered as investment advice from Cobic News.