Pump.fun/USDC Market Overview – 2025-11-10

Summary
• Pump.fun/USDC surged by 12.5% over 24 hours, driven by late-night and early morning buying waves.
• Volume and turnover spiked significantly after 21:00 ET, with strong price consolidation above $0.00413.
• 20-period MA on 15-min chart shows bullish momentum, with price above the 20 MA for most of the session.
• RSI climbed into overbought territory (above 75) between 02:00–05:00 ET, signaling short-term caution.
• Bollinger Bands expanded after 21:00 ET, reflecting increased volatility and higher conviction in price action.

Pump.fun/USDC (PUMPUSDC) opened at $0.003994 on 2025-11-09 at 12:00 ET and closed at $0.004431 on 2025-11-10 at 12:00 ET. The pair reached a high of $0.004506 and a low of $0.003944 during the 24-hour period. Total traded volume was 810,992,000 USDC, translating to a notional turnover of approximately $3,340,328 (at $0.00413 average). The 24-hour chart shows a strong bullish bias with a sustained rally over the last 8–9 hours of the session.

Structure & Formations
The candlestick structure shows strong bullish continuation, particularly between 21:00–05:00 ET, with several strong white candles and bullish engulfing patterns. A significant bullish reversal pattern is visible at $0.004135–0.004145, where price rebounded off a key support-turned-resistance. A notable pattern is the morning star at 23:00–00:15 ET, suggesting a strong reversal from bearish to bullish momentum. The price has tested and held above the 0.004135 level multiple times, indicating strong short-term support.

Moving Averages
The 20-period MA on the 15-min chart ran below price for most of the session, showing bullish momentum. The 50-period MA crossed below the 20-period MA, reinforcing the bullish bias. On the daily chart, the 50-day MA is below the 100-day and 200-day MAs, suggesting a more moderate bullish trend in the longer term.

MACD & RSI
The MACD line remained above the signal line from 21:00–06:00 ET, showing strong bullish momentum. RSI reached overbought levels (above 75) between 02:00–05:00 ET, indicating potential near-term exhaustion. However, bullish divergence emerged as price continued higher while RSI peaked, suggesting buyers remain aggressive.

Bollinger Bands
Bollinger Bands expanded significantly after 21:00 ET, reflecting increased volatility during the rally. Price traded near the upper band from 21:00–05:00 ET, suggesting high conviction in the bullish move. A contraction in band width was seen earlier in the day, which often precedes a breakout. Price has remained within the upper half of the bands for much of the session, signaling strong upside bias.

Volume & Turnover
Volume spiked sharply after 21:00 ET, reaching a peak of 66.7 million USDC at 01:15 ET. Turnover also surged in this period, confirming the strength of the move higher. Divergence is visible in the last 2–3 hours, where volume has slightly declined while price continues higher, suggesting caution for short-term traders.

Fibonacci Retracements
Applying Fibonacci retracements to the key 15-min swing from $0.003944 to $0.004506, price has tested the 61.8% retracement level at $0.004305, then continued higher to 78.6%. On the daily chart, the $0.004135 level corresponds to the 50% Fibonacci retracement from the recent low, which has now acted as strong support.

Backtest Hypothesis
The provided backtest strategy could not be executed due to the inability to recognize the ticker symbol “HOLD.P.” However, based on Pump.fun/USDC’s price behavior, a 3-day hold strategy could be tested on similar assets with known tickers. For example, if RSI peaks above 75 (as it did here) and price remains above the 20-period MA, a 3-day hold strategy might capture continued bullish momentum. This is particularly relevant for assets showing strong continuation patterns and volume confirmation.