PUMP has surged to 0.0075, breaking above trendline resistance with strong buying momentum and increased trading volume. The cryptocurrency's price remains above 0.0065, supported by consistent liquidity, indicating a bullish structure. The Pump.fun ecosystem is experiencing growth, with a total value locked (TVL) of $336 million and derivatives trading volume reaching $1.35 billion, which supports sustained demand.
The recent technical breakout was confirmed as PUMP surpassed short-term trendline resistance within a horizontal channel, reinforcing a bullish outlook. Trading volume increased during the breakout, highlighting strong buyer participation. Recent price action shows higher lows near 0.006500, maintaining stability. DeFiLlama data reports PUMP's TVL at $336.41 million in October, with annualized fees of $1.405 billion and revenue of $664.21 million. Pump.fun has facilitated over 13 million token launches on Solana since early 2024.
PUMP Surges to 0.0075, Breaks Trendline Resistance Amid Strong Buying
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