Market Overview for PUMP.fun/USDC (PUMPUSDC) on 2025-11-06

Summary
• PUMP.fun/USDC opened at $0.00421 and closed at $0.00391 on 2025-11-06.
• Price action showed a bearish bias with a 15-minute RSI hitting oversold levels.
• Volume and turnover spiked in early trading, followed by a steady decline.
• Key support appears to be forming around $0.00391.
• A bullish reversal attempt failed near $0.00418, suggesting further downside risk.

Pump.fun/USDC (PUMPUSDC) opened at $0.00421 and closed at $0.00391 by 12:00 ET, reaching a high of $0.004326 and a low of $0.003887. Total volume was 380,693,600 units with a notional turnover of approximately $1,523,632. The price action over the last 24 hours appears to show a consistent bearish bias, with a notable breakdown below key 15-minute moving averages.

Structure & Formations

Over the 15-minute timeframe, a bearish trendline has been clearly established with several rejection bars near $0.00418. A doji formed around $0.004126 on the 20:15–20:30 ET candle, suggesting indecision. Key support levels at $0.00410–0.00405 and $0.00391–0.00388 appear to be in play. Resistance is found at $0.00418–0.00422, where multiple failed bullish attempts occurred.

Moving Averages

Pump.fun/USDC closed well below both the 20-period and 50-period 15-minute moving averages. On the daily chart, it is also below the 50, 100, and 200-period moving averages, reinforcing a long-term bearish bias. The 20-period MA is currently at ~$0.00407, while the 50-period MA is at ~$0.00412. A breakdown below the 20-period MA may signal further bearish momentum.

MACD & RSI

The 15-minute MACD line crossed below the signal line (a bearish death cross) in the late ET hours, with negative histogram bars confirming bearish momentum. RSI hit oversold territory below 30 near $0.00391 but failed to generate a strong rebound, suggesting weak buyer participation. A retest of RSI levels above 50 could indicate a temporary pause in the bearish trend, but further confirmation is needed.

Bollinger Bands

Price has spent much of the session trading near the lower band of the 20-period Bollinger Bands, indicating a period of low volatility. A contraction in the band width was observed between 02:30–05:00 ET, followed by a slight expansion as the bearish trend continued. Current Bollinger Band readings suggest that volatility remains subdued and that any short-term bounce may be limited.

Volume & Turnover

Trading volume spiked early in the session (17:00–19:30 ET) as price dipped toward $0.00415 and then stabilized as bearish momentum took over. Notional turnover was highest in the 18:00–20:15 ET window, coinciding with the breakdown under $0.00420. Volume and turnover have declined steadily since 02:00 ET, suggesting a lull in activity. Price and volume appear to be diverging slightly, with price falling lower on lower volume, hinting at potential consolidation.

Fibonacci Retracements

Fibonacci levels drawn from the recent high ($0.004326) to the low ($0.003887) show key retracement levels at $0.00416 (38.2%), $0.00405 (61.8%), and $0.00393 (78.6%). Price failed to hold the 61.8% level and instead fell to the 78.6% level before consolidating. A move above the 61.8% retracement could signal a temporary bearish pause, but confirmation is still needed.

Backtest Hypothesis
Given the bearish momentum and oversold RSI, a backtest of a MACD death-cross strategy could be useful for identifying potential short-term exits or entries. Using the 12:00–12:00 ET 15-minute OHLCV data and detecting MACD line crossovers below the signal line from 2022-01-01 to 2025-11-06 could provide insight into historical performance. If the PUMP.fun/USDC ticker is confirmed and data is available, this backtest could offer a data-driven view of the asset’s behavior during similar conditions.

Looking ahead, PUMP.fun/USDC may test support at $0.00391–0.00388 in the next 24 hours. A break below this range could trigger further short-term selling pressure. Investors should be cautious of the bearish trendline and potential breakdowns under key moving averages. While a short-term bounce is possible, confirmation via closing above $0.00412 would be needed for any meaningful reversal.