PUMP +349.37% in 24 Hours Amid Technical Reversal Signals

On SEP 21 2025, PUMP rose by 349.37% within 24 hours to reach $0.007217, PUMP dropped by 742.92% within 7 days, rose by 6052.87% within 1 month, and rose by 6052.87% within 1 year.

Over the past month, PUMP has shown a dramatic price rebound of 6052.87%. The one-year performance mirrors this, indicating a full recovery from previous declines. The 24-hour jump of over 300% suggests a potential short-term reversal driven by technical conditions and investor behavior. These numbers reflect a sharp correction and subsequent recovery, consistent with high-volatility assets.

Technical indicators have played a significant role in recent price movement. The RSI for PUMP bottomed out at oversold levels before the recent rebound, signaling potential for a reversal. Similarly, the moving average convergence divergence (MACD) crossed into positive territory, supporting the case for upward momentum. These signals, combined with the recent 350% 24-hour jump, suggest a temporary shift from bearish to bullish sentiment among traders.

Backtest Hypothesis

A backtesting strategy has been proposed based on the recent technical behavior of PUMP. The approach involves entering long positions when the RSI enters oversold territory and MACD turns positive, with a stop-loss set at the recent 7-day low. The strategy aims to capture short-term rebounds from deep corrections, as observed in the current price trajectory. This method would have entered a position ahead of the recent 24-hour rally and exited based on a trailing stop or target. Given the recent performance patterns, this hypothesis is designed to validate whether such a mechanical approach would have profited from the recent upswing.