Pump.fun/USDC Breaks Out — But Overbought RSI Raises Red Flags

Summary
• Price surged from $0.002055 to $0.002163, forming bullish momentum and key resistance around $0.002110–$0.002120.
• Volatility expanded in late-night trading, with 5-minute Bollinger Bands widening significantly after 12:00 ET.
• Volume spiked above average after 02:00 ET, with turnover confirming strength in the $0.002100–$0.002135 range.
• RSI reached overbought levels (70+) during the 09:00–11:00 ET window, suggesting possible short-term profit-taking.
• A bullish engulfing pattern formed after a midday pullback, with price closing above key 5-minute MA support.

At 12:00 ET on 2026-02-08, Pump.fun/USDC (PUMPUSDC) traded at $0.002158, up from a 24-hour open of $0.002051. The pair hit an intraday high of $0.002163 and a low of $0.002055, with total volume of 174,756,869 USDC and turnover of $377,941.

Structure and Formations

Price advanced on a strong upward bias, with key resistance levels forming at $0.002110 and $0.002120. Resistance at $0.002135 appears to hold as a key 5-minute Fibonacci 61.8% retracement level from earlier corrections.

Volatility and Momentum

Bollinger Bands expanded after 12:00 ET as volatility increased, with price frequently trading near the upper band during late morning hours. RSI peaked above 70 in the 09:00–11:00 ET window, suggesting overbought conditions and possible short-term profit-taking. MACD remained positive throughout the day, with the histogram expanding during the 08:00–09:00 ET rally.

Volume and Turnover

Volume spiked sharply after 02:00 ET, with a 5-minute candle at 02:15 ET showing 20.8 million units traded and $44.5 million in turnover. This coincided with a breakout above $0.002120. Turnover diverged slightly with price during the 10:00–11:00 ET window, indicating potential weakening momentum.

Key Projections

The 5-minute chart indicates a potential test of $0.002165–$0.002180 as the next key resistance. A pullback to the 5-minute 20-period MA at $0.002140 could trigger consolidation. On the daily chart, Fibonacci levels suggest support at $0.002100 and $0.002085.

Market structure suggests a continuation of bullish bias, but investors should remain cautious of a potential overbought correction in the next 24 hours. A break below $0.002130 could signal short-term profit-taking, while a sustained move above $0.002160 may confirm a new near-term trend.