PUMP +571.13% in 24 hours amid technical indicators and market momentum

On OCT 5 2025, PUMP rose by 571.13% within 24 hours to reach $0.00703, PUMP rose by 1854.09% within 7 days, rose by 1854.09% within 1 month, and rose by 5664.15% within 1 year.

The recent performance of PUMP has shown an exceptional rise in price, drawing attention from both retail and institutional observers. Technical indicators have confirmed the strength of this upward trend, with the Relative Strength Index (RSI) maintaining elevated levels and the Moving Average Convergence Divergence (MACD) reflecting strong bullish momentum. These signals suggest sustained buying pressure and continued optimism in the market.

The price action has also demonstrated strong alignment with key resistance levels being taken out, which typically precedes further upward movement in well-established trends. On-chain data indicates a consistent flow of new addresses holding PUMP, suggesting broader adoption and reduced concentration of large holders. This dynamic is often associated with positive sentiment and long-term accumulation.

Analysts project that the current trajectory could continue, provided the technical and on-chain metrics remain supportive. The absence of bearish divergences and the presence of multiple bullish patterns reinforce this view.

Backtest Hypothesis

A backtesting strategy focused on PUMP’s recent price behavior has been proposed, using a combination of RSI and MACD as entry and exit signals. The strategy defines a long position when RSI crosses above 50 and MACD shows a positive crossover, with a stop-loss set at the 20-day low and a take-profit at a 2:1 risk-reward ratio. The backtest aims to validate the effectiveness of these signals in capturing the current trend while managing downside exposure.