PUMP +23.49% After 24-Hour Rally Amid Market Volatility

On OCT 10 2025, PUMP rose by 23.49% within 24 hours to reach $0.005501, PUMP dropped by 1357.12% within 7 days, dropped by 675.74% within 1 month, and rose by 2321.19% within 1 year.

The token saw a sharp 24-hour price rebound, bucking a broader trend of sustained decline over the past month. Despite a 1357.12% drop over the last seven days and a 675.74% decline in monthly performance, the asset experienced a one-day reversal, closing at $0.005501. This movement came after a period of heightened volatility, with the token fluctuating significantly in both short- and long-term timeframes.

Technical indicators suggest the 24-hour recovery did not trigger a reversal in the overall bearish trend. The RSI and MACD have remained in oversold territory, indicating that the market is still in a phase of consolidation after significant drawdowns. Analysts project that further confirmation of trend reversal will require multiple consecutive days of positive momentum and breakout above key resistance levels, which are yet to materialize.

Backtest Hypothesis

A proposed trading strategy aims to simulate a scenario where a trader could have entered a long position at the 7-day low. The backtest assumes a position taken upon confirmation of a bear trap pattern and a subsequent break above the 20-period moving average. The strategy is designed to assess whether such entry and exit points would have yielded profitability against the observed price action. While the short-term rebound on OCT 10 suggests the potential for limited upside, the backtest would evaluate the consistency and reliability of such signals across multiple timeframes. The results could inform whether the approach is viable in future periods of similar volatility.