Market Overview for Pump.fun/USDC (PUMPUSDC): 2025-10-05

• PUMPUSDC traded with a 24-hour range of $0.006348–$0.007146, showing a bullish bias in the last 8 hours.
• Price formed a bullish engulfing pattern near $0.006800 and tested a key resistance near $0.007150.
• Volatility spiked after 17:00 ET, with volume surging to over 100 million units in 15-minute intervals.
• RSI approached overbought territory above 70 in the last 3 hours, while MACD showed rising bullish momentum.
• Key support levels at $0.006750 and $0.006650 appear to hold during pullbacks.

Pump.fun/USDC (PUMPUSDC) opened at $0.006371 on 2025-10-04 at 12:00 ET and closed at $0.006782 on 2025-10-05 at 12:00 ET. The price reached a high of $0.007146 and a low of $0.006348, reflecting a 11.7% range over the period. Total volume across the 24-hour window stood at approximately 840.7 million units, with notional turnover (price × volume) at roughly $5.6 million.

The structure of the past 24 hours indicates a clear bullish bias from late evening into early morning hours. Key support levels were formed around $0.006750 and $0.006650, with price testing and rebounding off both multiple times. A notable bullish engulfing pattern emerged around $0.006800 during the morning session, suggesting a shift in sentiment. Resistance at $0.007150 has acted as a cap, with multiple attempts to break above it failing, indicating potential short-term consolidation.

Price remains above both the 20-period and 50-period moving averages on the 15-minute chart, with the 50-period line acting as a dynamic support near $0.006760. The RSI reached overbought levels above 70 in the last 3 hours, and the MACD histogram showed a consistent expansion in bullish momentum, signaling strength in the rally. Bollinger Bands widened significantly during the late evening hours, reflecting heightened volatility and potential for continuation or consolidation.

Volume and turnover spiked between 17:00 and 20:00 ET, particularly around $0.006550 and $0.006600, confirming the price action during that phase. However, after reaching a high near $0.007146, volume declined, which may signal a possible pause or even a reversal if price fails to retest the upper end of the recent range.

The price swing from $0.006348 to $0.007146 supports Fibonacci retracement levels at $0.006840 (38.2%) and $0.006700 (61.8%). These levels may act as key pivots in the next 24 hours, especially if buyers step in to defend the 61.8% level.

Backtest Hypothesis

A potential backtesting strategy involves entering long positions when price closes above the 50-period moving average on the 15-minute chart, provided that the RSI is above 50 and volume is increasing. A stop-loss can be placed at the nearest Fibonacci 61.8% level, and a take-profit at the 38.2% level or the upper Bollinger Band. Given the recent bullish patterns and confirmed breakouts, this strategy may have yielded positive returns over the past 24 hours. However, given the current overbought RSI and potential consolidation at resistance, a cautionary approach is advisable until a breakout or breakdown occurs.

Looking ahead, PUMPUSDC may test its key resistance at $0.007150 over the next 24 hours, with a break above this level likely to trigger further gains toward $0.007200. However, if it fails to hold above $0.006750, a pullback toward $0.006650 could unfold. Investors should remain mindful of potential volatility shifts and divergence between price and volume.