Market Overview: PUMPUSDC 24-Hour Performance on 2025-09-23

• PUMPUSDC fell 10.4% over 24 hours, closing near a key Fibonacci level.
• Volatility expanded in the last 6 hours, with volume surging past 200M.
• RSI entered oversold territory, suggesting potential short-term bounce.
• Price formed a bearish engulfing pattern at resistance, confirming downward bias.
• Bollinger Bands contracted before a sharp decline, signaling breakout risk.

At 12:00 ET on 2025-09-23, PUMP.fun/USDC (PUMPUSDC) opened at $0.005875 and closed at $0.005859. The 24-hour range was $0.005955 (high) to $0.005622 (low). Total traded volume was 482,216,122.0 USDC, with notional turnover of approximately $2,859,836.

Structure & Formations

Price action formed a key bearish engulfing pattern on the 15-minute chart at $0.005919–$0.005856 after a failed rebound. A doji formed at $0.005626–$0.005620, signaling indecision. Notable support levels include $0.005650 (38.2% Fibonacci) and $0.005622 (daily low), with resistance at $0.005861 and $0.005919.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart both crossed below the price in the last 6 hours, confirming bearish momentum. The 50/100/200-day lines are unavailable due to limited historical data, but a 200-period average would likely sit above current price levels, reinforcing the downward bias.

MACD & RSI

The MACD turned negative in the final 12 hours, with bearish divergence between price and the histogram. RSI dropped below 30, indicating oversold conditions, although this may delay a bounce rather than signal a reversal.

Bollinger Bands

Bollinger Bands contracted between 20:00–23:00 ET, followed by a sharp 6.5% drop as price broke below the lower band. The current price of $0.005859 resides near the 1.5-standard-deviation level, indicating heightened volatility.

Volume & Turnover

Volume surged to a 24-hour high of 59.9M at 06:45 ET, coinciding with a $0.005861 close. Notional turnover reached $1.7M in the same hour. Volume and price action aligned on the bearish breakout after 04:00 ET, suggesting strong conviction among sellers.

Fibonacci Retracements

Key retracement levels for the recent $0.005955–$0.005622 swing include $0.005800 (61.8%) and $0.005760 (50%). The daily low at $0.005622 aligns with a 100% retracement of the previous 24-hour move. Price appears to be testing the 38.2% level at $0.005650.

Backtest Hypothesis

The observed bearish engulfing pattern at $0.005919–$0.005856, combined with RSI entering oversold territory, suggests a potential rebound toward $0.005720–$0.005750 before resuming the downward trend. A backtest strategy could involve a short entry at $0.005850 with a stop above $0.005900 and target at $0.005730.