Market Overview for PUMPUSDC as of 2025-09-18

• PUMPUSDC traded in a volatile range of $0.007522–$0.008577, ending slightly lower after a midday rally and late sell-off.
• Momentum indicators showed overbought conditions during the peak, followed by oversold conditions in the closing hours.
• Volume and turnover surged during key price reversals, particularly around $0.0081 and $0.0083.
• A bearish engulfing pattern emerged near session high, while a bullish reversal candle appeared near key support.
• Bollinger Band expansion suggested increased volatility, with prices often trading near the upper and lower boundaries.

Pump.fun/USDC (PUMPUSDC) opened at $0.007685 on 2025-09-17 12:00 ET, reached a high of $0.008577, and closed at $0.00778 as of 2025-09-18 12:00 ET. Total volume amounted to 238,046,783 USDC, with a notional turnover of approximately $1,901,167. The pair exhibited strong intraday swings and volatility.

Structure & Formations

PUMPUSDC traded within a clearly defined range over the past 24 hours, with support forming around the $0.00775 level and resistance at $0.00815. A key bearish engulfing pattern appeared near the session high on 2025-09-17 20:30 ET, signaling a potential reversal. A bullish reversal candle formed around 14:45 ET as prices tested the $0.00778 level. The formation appears to indicate that bears have regained control temporarily, though bullish pressure remains present at key support levels.

Doji and Engulfing Patterns

A long-legged doji emerged near the 20-period moving average at around 05:45 ET, indicating indecision in the market. A larger bearish engulfing pattern followed at 20:30 ET, suggesting conviction in the downward move. These patterns may indicate short-term exhaustion in either direction and could be precursors to consolidation or breakout phases.

Moving Averages

On the 15-minute chart, the 20-period MA crossed below the 50-period MA in the late evening, forming a bearish crossover. Meanwhile, the 50-period MA remained above the 100 and 200-period MAs on the daily timeframe, indicating a longer-term bullish bias. The 50-period MA acted as a dynamic support during the overnight session, holding prices above $0.00790. A retest of this level may be expected in the next 24 hours.

MACD & RSI

The MACD crossed into overbought territory during the midday rally, peaking at 10:00 ET, followed by a bearish crossover as prices declined. The RSI peaked above 70, then dropped sharply below 30 near the close, indicating oversold conditions. This divergence between the RSI and price may suggest a potential reversal, though confirmation will require a break above the $0.00790 level or a rejection below $0.00775.

Bollinger Bands

Volatility expanded sharply during the morning and evening sessions, with prices frequently touching the upper and lower Bollinger Bands. A contraction occurred in the overnight hours, which often precedes a breakout or continuation pattern. Prices have remained within the bands for most of the session, with no strong breakouts confirmed as of yet.

Volume & Turnover

Volume spiked during the key reversal candles, particularly at 07:30 ET and 20:30 ET, with corresponding notional turnover exceeding $10 million at those times. A divergence between volume and price was observed in the afternoon when prices continued to fall despite declining volume, suggesting possible exhaustion in the bearish move. Confirmation via higher volume during the next rally may be required to validate a bullish reversal.

Fibonacci Retracements

Key Fibonacci levels from the $0.007522 low to the $0.008577 high included 61.8% at $0.00815, which acted as a strong resistance and was rejected twice during the day. The 38.2% level at $0.007975 held during the overnight session. The 50% retracement at $0.00805 appears to be a possible pivot point for the next 24 hours. A break above $0.00815 could reinvigorate bullish momentum.

Backtest Hypothesis

A potential backtesting strategy could involve entering long positions when RSI dips below 30 with increasing volume, targeting the 38.2% and 50% Fibonacci levels as profit-taking points. Short positions could be entered on a confirmed bearish engulfing pattern near key resistance levels, with stop-loss placed above the 20-period moving average. This approach would aim to capitalize on short-term volatility while leveraging momentum and support/resistance structures identified in the technical analysis.