Market Overview for PUMPUSDC on 2025-09-27

• PUMPUSDC surged to a 24-hour high of $0.005364 before consolidating with mixed volume.
• Volatility expanded after 17:30 ET with a 6.9% intraday range.
• Price closed 1.6% below the 24-hour high, amid diverging volume patterns.
• RSI signaled overbought conditions, with a subsequent pullback.
• A bearish engulfing pattern appeared near the session high.

Pump.fun/USDC (PUMPUSDC) opened at $0.005138 on 2025-09-26 at 12:00 ET and reached a high of $0.005364, while the low was $0.00492. The pair closed at $0.005017 at 12:00 ET on 2025-09-27. The 24-hour volume was approximately 507.6 million tokens, with a notional turnover of $2.61 million.

Structure & Formations

Price action showed strong bearish reversal patterns, particularly a bearish engulfing pattern at $0.005364, indicating potential exhaustion of the upside. Key resistances appeared at $0.005364 (previous high), $0.005407 (19:15 ET high), and $0.00534 (17:30 ET high). Strong support was seen at $0.005053 (03:15 ET low) and $0.005003 (08:15 ET low). A doji formed near $0.005232, signaling indecision around a key psychological level.

Moving Averages

On the 15-minute chart, the 20-EMA was bullish early on, but it turned bearish after 19:00 ET as the 50-EMA crossed below. On the daily chart, the 50-EMA and 100-EMA crossed over, suggesting a bearish bias. The 200-EMA remained above the price, acting as a long-term support.

MACD & RSI

The MACD turned negative in the afternoon, with a bearish crossover occurring at $0.005323. RSI peaked at 80 at $0.005364, entering overbought territory, followed by a sharp pullback. A subsequent bearish divergence between RSI and price signaled potential further downside.

Bollinger Bands

Volatility expanded after 17:30 ET, with a 6.9% range. Price spent most of the session near the upper band until 21:00 ET, after which it moved into the lower half of the bands. A retest of the lower band occurred at $0.005003 and $0.005005, indicating a potential short-term floor.

Volume & Turnover

Volume spiked at $0.005364 (200,000 tokens) and again at $0.005003 (50,000 tokens), confirming both the high and the low. A divergence emerged between price and volume after 01:00 ET, where price continued to fall but volume declined. Notional turnover showed the largest spike at $0.005321 ($1.4 million), followed by $0.005005 ($600k).

Fibonacci Retracements

The 38.2% retracement level was at $0.005196 and was rejected with a bearish candle. The 61.8% retracement level stood at $0.005043, which coincided with the close price of $0.005017. The 161.8% level at $0.005353 acted as resistance earlier in the session before a breakdown.

Backtest Hypothesis

A potential backtesting strategy could involve entering short positions when RSI exceeds 70 and MACD turns negative, with a stop-loss above the 61.8% Fibonacci retracement level. This would have captured the bearish reversal at $0.005364 and $0.005321. Long positions may be triggered after a bounce off the lower band of the Bollinger Bands, particularly if volume shows a reversal. The strategy would rely on tight risk management due to the high volatility observed.