Pum.fun launched its native token PUMP earlier today, and not so surprisingly, the sale ended in 12 minutes. In this duration, about $500 million worth of PUMP was picked up by retail investors at a $4 billion valuation.
However, as per BeInCrypto’s analysis, the anticipation did not fare well for the pump.fun ecosystem tokens.
Goatseus Maximus (GOAT)
GOAT price surged 23% this week, emerging as one of the better-performing pump.fun tokens. However, the anticipation surrounding the PUMP token launch led to a 9% drop in the last 24 hours.
Despite this, GOAT remains an altcoin to watch as it shows significant volatility and market interest.
Currently trading at $0.120, GOAT is holding above the critical support level of $0.117. The MACD indicates that bullish momentum is strengthening, potentially pulling the price back up.
However, if investors decide to secure profits by selling their holdings, GOAT could face downward pressure. A fall through the $0.117 support could lead the altcoin to slip to $0.102, invalidating the bullish thesis.
Peanut the Squirrel (PNUT)
PNUT price increased by 19.2% over the past week, reaching $0.264. However, like other pump.fun tokens, it experienced an 8% drop in the last 24 hours. Despite this, PNUT is still showing signs of positive momentum.
The Parabolic SAR currently indicates an uptrend for PNUT. If the altcoin can sustain above the key support level of $0.260, it could rally towards $0.300. Continued positive momentum in the broader market could further boost PNUT’s price.
If PNUT fails to maintain support at $0.260, it could face downward pressure. A drop below this level could push the price to $0.219, erasing recent gains and invalidating the bullish outlook.
Pythia (PYTHIA)
PYTHIA emerged as the only coin to note a rise in the last 24 hours, trading at $0.048 after a 42% increase. The altcoin is now facing the resistance of $0.052. This momentum could indicate further price growth, as PYTHIA continues to attract investor attention in the pump.fun ecosystem.
The Ichimoku Cloud below the candlesticks signals a bullish trend for PYTHIA. This indicates potential for further price increases, especially with the upcoming launch of the PUMP token.
Should the market conditions stay favorable, PYTHIA could breach the $0.052 resistance level and target $0.060 in the coming days.
However, if profit-taking occurs, PYTHIA may face a price decline. A fall below the $0.039 support could lead to further downward movement, potentially reaching $0.033. Should this happen, it would invalidate the current bullish outlook.
Disclaimer
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