Market Overview for PUMPUSDC – 24-Hour Analysis as of 2025-09-16

• PUMPUSDC opened at $0.008328 and traded between $0.007836 and $0.008626 before closing at $0.008179.
• A bearish momentum was confirmed by RSI and MACD divergence with overbought levels followed by a sharp correction.
• Volatility surged with intraday Bollinger Band expansion and a volume spike exceeding $3.0 billion in turnover.
• A key 61.8% Fibonacci retracement at $0.00821 acted as resistance during a failed rally in the early morning.

Pump.fun/USDC (PUMPUSDC) opened at $0.008328 on 2025-09-15 at 12:00 ET and closed at $0.008179 on 2025-09-16 at the same time, reaching a high of $0.008626 and a low of $0.007836. Total volume for the 24-hour window was 1.269 billion, with a notional turnover of $10.5 billion. The asset experienced a sharp intraday correction and strong bearish momentum.

Structure & Formations

The 24-hour OHLCV data reveals a bearish bias, with a failed bullish attempt during the early morning hours forming a bearish engulfing pattern near $0.008623, followed by a swift retest to $0.008094. A key support level appears to have formed at $0.008004, with the price testing this level twice before a bounce. A doji formed at $0.008062, signaling indecision and a potential reversal.

Moving Averages

On the 15-minute chart, the 20SMA and 50SMA crossed into bearish territory in the final hours, confirming a shift in momentum. The 50/100/200 daily moving averages show the price is currently below the 50D and 100D MA, suggesting a continuation of the downtrend may be probable unless a strong reversal above the 50D line occurs.

MACD & RSI

The MACD turned negative in the afternoon, reflecting bearish momentum after the morning rally. RSI reached an overbought level near 75 before sharply correcting, with a current reading of ~52. This suggests exhaustion in the bearish move, but no immediate reversal signal. A divergence between price and RSI may hint at a potential bounce.

Bollinger Bands

Volatility expanded significantly during the rally to $0.008626, with price trading near the upper band. The subsequent sell-off saw price collapse into the lower band, suggesting a period of consolidation may follow. The current price sits within the middle of the bands, indicating a neutral zone for near-term activity.

Volume & Turnover

Volume spiked during the rally, with the $0.008626 high driven by $56 million in volume. However, during the correction, volume remained strong, indicating conviction in the bearish move. Turnover diverged slightly from price near the doji, raising questions about the strength of the next directional move.

Fibonacci Retracements

Applying Fibonacci levels to the swing high of $0.008626 and the swing low of $0.008094, the 61.8% retracement at $0.00821 served as resistance during the morning rally. The 38.2% level at $0.00835 was tested but failed to hold, suggesting bears may target the next support at $0.008004 for a potential test in the next 24 hours.

Backtest Hypothesis

A potential backtesting strategy involves entering a short position when RSI exceeds 70 and price breaks below the 20SMA on the 15-minute chart, with a stop loss above the most recent swing high. The target could be the 61.8% Fibonacci retracement level. This setup aligns with the morning's price action, where RSI peaked at 75 and the price dropped below the 20SMA after forming a bearish engulfing pattern. A long setup may be considered on a close above the 50SMA and a bullish divergence in RSI, with a stop below the doji's low.