Pump.fun launched the native token PUMP yesterday, and it is not surprising that the sale ended in just 12 minutes. During that short period, retail investors purchased approximately $500 million worth of PUMP, at a valuation of $4 billion.
However, according to analysis, this expectation has not yielded positive results for tokens in the Pump.Fun ecosystem.
Goatseus Maximus (GOAT)
The price of Goatseus Maximus (GOAT) has increased by 28% this week, becoming one of the best-performing tokens in Pump.Fun. However, the expectations surrounding the PUMP token launch have caused GOAT to decrease by 8% in the last 24 hours.
Nevertheless, GOAT remains a notable altcoin due to its high volatility and strong interest from the market.
Currently, GOAT is trading at $0.124, maintaining above the critical support level of $0.117. The MACD indicator shows that bullish momentum is strengthening, potentially pulling the price back up.
However, if investors decide to take profits by selling, GOAT may face downward pressure. If it loses the support level of $0.117, this altcoin could drop to $0.102, invalidating the bullish thesis.
Peanut the Squirrel (PNUT)
The price of Peanut the Squirrel (PNUT) has increased by 22% in the past week, reaching $0.264. However, like other Pump.Fun tokens, PNUT has decreased by 5% in the last 24 hours. Nevertheless, PNUT shows positive signs of upward momentum.
The Parabolic SAR indicator is currently signaling an upward trend. If this altcoin holds above the important support level of $0.26, it could continue to rise towards $0.3. The overall market uptrend could also provide additional momentum for PNUT's price.
If PNUT cannot hold the support level at $0.26, it may face downward pressure. Falling below this level would push the price down to $0.219, wiping out recent gains and invalidating the optimistic outlook.
Pythia (PYTHIA)
Pythia (PYTHIA) has increased by 44% in the past 7 days but decreased by 1% in the last 24 hours, currently trading at $0.049. This altcoin is facing resistance at $0.052. The current momentum indicates the potential for further upward movement, as PYTHIA is still of interest to investors in the Pump.Fun ecosystem.
The Ichimoku Cloud indicator, which is below the price candles, is also signaling an upward trend for PYTHIA. This suggests continued bullish potential, especially in the context of the upcoming PUMP token launch.
If market conditions remain favorable, PYTHIA will surpass the resistance level of $0.052 and aim for $0.06 in the coming days.
However, if profit-taking occurs, PYTHIA may face downward pressure. Falling below the support level of $0.039 could lead to a deeper downtrend, with the risk of sliding down to $0.033. If this happens, the current bullish outlook will be invalidated.