The PUMP has clearly been strong in the last 24 hours, with prices rising from about US$ 0.00167 to around US$ 0.0020, increasing by more than 22 per cent a day. As prices go up, the market is simultaneously expanding, and the 24-hour trade volume has increased to about $131 million, indicating a rapid increase in short-line financial attention.

This round rise is related to the rise in the heat of the solana melon plate. It was also mentioned that the disclosure by encryption dealer Ansem had further led to market attention following the establishment of a PUMP multi-heading position of approximately US$ 0.001675. The current price is close to US$ 0.0022 to US$ 0.0023, and the market is watching whether this area can be effectively broken.

There was a marked increase in the unsettled contract

From derivative data, PUMP ' s unsettled contracts rose from approximately $100 million to $163 million, indicating that, in the course of price increases, new funds entered the contract market, rather than just back-to-back.

The fund rate was maintained at approximately 0.0023. This means that many people are still paying for them, and that there is a plethora of market sentiment, but the rate level is not extreme and there is no indication of overcrowding.

  • Unsettled contracts: approximately $100 million to $163 million
  • 24 Hours traded: to approximately $131 million
  • Fund rate: maintained near 0.0023

We still don't have enough.

Despite the simultaneous increase in prices and the unsettled contract, the CVD of the spot and futures is still negative. The reports show that the spot CVD is about -45.1 billion and the future CVD is about -50.9 billion, indicating that the improvement in the offer is still limited.

This means that the current round has been driven more by the expansion of the warehouse and leverage, and the spot market has not followed up sufficiently. If subsequent spot purchases cannot continue to be magnified, prices may be more likely to shock or fall as they approach the resistance.

0.0022 to 0.0023 Focus

In terms of movement, the PUMP has broken through the rise in the twilight, and the short-line structure has improved. At one point, the price touched about US$ 0.00198, not far from the resistance zone above.

Next up, US$ 0.0022 to 0.0023 will be the core of market concerns. Short-line strong patterns are expected to continue if the region is on the price station; if blocked, the likelihood of profit ending after the rapid increase of the previous day increases.

Below, $0.00185 to $0.00190 is considered the first support area. If the area is lost, the price may look back at the vicinity of US$ 0.00170.