Pump.fun’s PUMP Rallies 90%, Amidst Sell Signal Warnings

Ethereum token PUMP saw a significant surge of 90% in just two weeks, fueled by buybacks from Pump.fun and boosted market sentiment. However, despite this bullish momentum and retail hype, concerns are growing about the token’s long-term sustainability as sell signals now signal potential profit-taking. Technical analysis shows $PUMP hovering near $0.004855 with support at A13 and resistance at C13. While gains have been dramatic, analysts warn that short-term risks may emerge due to sell signals flashing on technical charts.