With ASTER stealing the spotlight, Pump.fun liquidity drains, weighing on PUMP price | Credit: Veronica Cestari
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Key Takeaways
PUMP has dropped 35% in the past 11 days, weighed down by weak liquidity.
Persistent red candlesticks and a Supertrend sell signal confirm selling pressure.
PUMP’s price risks sliding to $0.0048 or even $0.0039 without fresh demand.
After reaching an all-time high eleven days ago, Pump.fun (PUMP) price has dropped 35% from that height. At press time, the token trades at $0.0052.
While the market’s decline is widespread, PUMP’s appears to be specific. In the past, the rise in liquidity on the Pump.fun launchpad has played a huge role in driving the value higher.
But of late, there has been a dearth of it. So, what’s next for the price?
Binance-Linked Coins Drain PUMP
Based on CCN’s findings, Pump.fun has struggled to attract liquidity as market attention shifts toward tokens tied to Binance. Over the past week, cryptos linked to Yzi Labs (formerly Binance Labs) have outperformed the market.
For example, ASTER’s price skyrocketed, while others like Hemi (HEMI) also posted substantial gains. As a result, liquidity has drained from the Solana memecoin ecosystem, leaving PUMP’s price stranded and unable to recover.
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From a technical perspective, the 4-hour chart shows PUMP consistently printing red candlesticks, a clear sign of persistent selling pressure.
At the same time, the Relative Strength Index (RSI) has dropped further, confirming bearish momentum and underscoring the lack of immediate recovery signals.
A close look at the chart also shows that it trades within a descending triangle.
The daily chart’s PUMP/USD setup mirrors the weakness seen on lower timeframes. The token remains trapped inside a descending channel, with growing signs that it could soon break below the support line.
Adding to the bearish signals, the red line of the Supertrend has flipped above the price, flashing a sell signal.
Meanwhile, the Awesome Oscillator (AO) continues to print red histogram bars, confirming that bearish momentum is firmly in control.
Unless demand returns quickly, PUMP’s price risks extending its decline in the days ahead.
Regarding the short-term targets, CCN noticed that PUMP is unlikely to breach the resistance at $0.0056. If that were to happen, the cryptocurrency’s value would have retested $0.0064.
But since it faced hurdles ahead, this might not be the case. With this setup, PUMP’s price will likely decline to $0.0048.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
