According to data from CoinMarketCap, the price of PUMP surged by 7% to $0.003568 before slightly descending to its current level of $0.003378. This extends its weekly rise to 31.41%. This increase coincides with the introduction of the Glass Full Foundation initiative. The project's goal was to boost organic, dynamic, and promising communities within the Pump.fun ecosystem.

From a technical perspective, the momentum indicators show a shift towards a bullish trend. The 14-day Relative Strength Index (RSI) has bounced back from an oversold level of 35.04 to a neutral level of 59.65. Meanwhile, the price of PUMP remains above its seven-day simple moving average of $0.00308. It could retest the July high of $0.0056 if a clear close above the $0.0034 level is achieved.

It is noteworthy that, in the last 30 days, the Altcoin Season Index has increased by 63.64%, suggesting that traders are more risk-tolerant. During the same period, the price of PUMP has outperformed that of Bitcoin (1.93% compared to a 1.4% decline in its dominance). With a trading volume of $356 million in 24 hours, the token ranks 37th among all cryptocurrencies.

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