Market Overview for PUMPUSDC (Pump.fun/USDC) – 2025-11-11

Generated by AI AgentTradeCipherReviewed byAInvest News Editorial Team
Tuesday, Nov 11, 2025 6:02 am ET1min read
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- PUMPUSDC fell 0.02% to 0.004308 with mixed candlestick patterns and reduced volume of $454,780.

- A midday bearish engulfing pattern failed to sustain a downtrend as prices rebounded to close near prior range.

- Bollinger Bands and RSI indicated overbought conditions, while a backtested short strategy showed -5.17% returns and 29.24% drawdown.

- Fibonacci levels at 0.004375 (resistance) and 0.004285 (support) highlight key technical thresholds amid weak trend conviction.

Summary
•

PUMPUSDC
closed down 0.02% at 0.004308, trading in a narrow range with mixed candlestick patterns.
• Volume declined to 105.11 million, while turnover hit $454,780, showing reduced speculative activity.
• A bearish engulfing pattern formed midday, but a rebound closed the session neutral.

Pump.fun/USDC (PUMPUSDC) opened at 0.004366 on 2025-11-10 at 12:00 ET, reached a high of 0.004562, a low of 0.004285, and closed at 0.004308 on 2025-11-11 at 12:00 ET. The 24-hour volume amounted to 531.7 million, with a notional turnover of $454,780.

The 15-minute chart displayed a mixed trend, oscillating between minor bullish and bearish momentum. A key bearish engulfing pattern formed around 23:15 ET as prices closed at 0.004512 after an open of 0.004514. This pattern failed to trigger a meaningful downtrend, however, as buyers retook control post-midnight, pushing the price back to the prior session’s range. The 50-period moving average remained just above the 20-period line, suggesting a potential flattening of the trend.

Bollinger Bands widened during the overnight rally, indicating rising volatility. The price closed near the upper band, signaling short-term overbought conditions. RSI hovered around 55, suggesting a neutral-to-bullish bias, while MACD failed to confirm a strong momentum shift, remaining flat.

Fibonacci retracements indicated a 61.8% level at 0.004375 as a possible resistance, with 0.004285 acting as a strong support zone. Volume and turnover aligned with price movement in the morning session, but diverged in the afternoon, hinting at weakening conviction in the trend.

Backtest Hypothesis

The “Bearish Engulfing Short” strategy was backtested using daily OHLC data from 2022-01-01 to 2025-11-10. Entries were triggered at the open of the session following the pattern, with exits at the close of that session. The strategy yielded a cumulative return of –5.17% and an annualized return of 5.12%, with a Sharpe ratio of approximately 0.07, indicating poor risk-adjusted performance. A maximum drawdown of 29.24% highlights the strategy’s vulnerability to volatile price swings. Given the mixed 24-hour action and weak historical performance, investors may wish to exercise caution before relying solely on this signal for short-term trading.