Attention everyone! The open contracts for PUMP3 within 10 days are nearing 1 billion USD
This cryptocurrency is indeed quite fierce; it surged strongly shortly after its launch, and I think it's worth discussing my views—observe more and act less.
From the data, the explosive power of this cryptocurrency is quite astonishing, having increased by 16% within 12 hours of its launch, with a market cap reaching 2.3 billion USD. In the first 12 minutes, it sold 500 million USD worth, which is relatively rare for a new coin. More importantly, the number of holding addresses broke 45,500 within 48 hours, surpassing that of SPX6900, which has been live for over a year, indicating that retail investors are entering the market quickly, and market sentiment has indeed been ignited.
The derivatives market also shows signs; open contracts are approaching 913 million USD, and it is estimated that by the third day, it will break 1 billion. This is driven not only by FOMO sentiment but also possibly by considerable funds betting on its long-term potential; otherwise, there wouldn't be so many derivative positions.
In terms of price, it is currently at 0.0065 USD, just bouncing back from the support level of 0.0063. If it can hold steady in the short term and break through the resistance level of 0.0067, reaching 0.0070 shouldn't be a problem, and the upward trend hasn't ended. However, it should be noted that this kind of new coin is highly volatile; if it falls below 0.0063, it may slide to 0.0060, which would jeopardize the bullish momentum.
Overall, PUMP is currently relying on market enthusiasm and capital influx, with strong short-term momentum, but being a new coin, its fundamentals need to be observed further. If you want to participate, you need to keep a close eye on the support and resistance levels, and don't chase too high; the risks need to be understood clearly. #pump
This cryptocurrency is indeed quite fierce; it surged strongly shortly after its launch, and I think it's worth discussing my views—observe more and act less.
From the data, the explosive power of this cryptocurrency is quite astonishing, having increased by 16% within 12 hours of its launch, with a market cap reaching 2.3 billion USD. In the first 12 minutes, it sold 500 million USD worth, which is relatively rare for a new coin. More importantly, the number of holding addresses broke 45,500 within 48 hours, surpassing that of SPX6900, which has been live for over a year, indicating that retail investors are entering the market quickly, and market sentiment has indeed been ignited.
The derivatives market also shows signs; open contracts are approaching 913 million USD, and it is estimated that by the third day, it will break 1 billion. This is driven not only by FOMO sentiment but also possibly by considerable funds betting on its long-term potential; otherwise, there wouldn't be so many derivative positions.
In terms of price, it is currently at 0.0065 USD, just bouncing back from the support level of 0.0063. If it can hold steady in the short term and break through the resistance level of 0.0067, reaching 0.0070 shouldn't be a problem, and the upward trend hasn't ended. However, it should be noted that this kind of new coin is highly volatile; if it falls below 0.0063, it may slide to 0.0060, which would jeopardize the bullish momentum.
Overall, PUMP is currently relying on market enthusiasm and capital influx, with strong short-term momentum, but being a new coin, its fundamentals need to be observed further. If you want to participate, you need to keep a close eye on the support and resistance levels, and don't chase too high; the risks need to be understood clearly. #pump
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PUMPUSDT
Perp
0.004037
-1.91%