Pump.fun’s price is $0.00342 as of the time of this writing, which is less than last week’s high of $0.00400. The 30-minute chart displays a descending pattern with lower highs and lows. This bearish structure indicates that the demand is declining and selling pressure remains strong.
PUMP has broken down below its short-term upward trend channel on the 4-hour graph and is now facing resistance around $0.00353. The rejection of this level coincided with the failure to hold both the 20 and 50 EMA Cluster, which confirmed a shift towards bearish momentum.
Why is the Pump.fun price going down today?
The momentum indicators are one reason why the Pump.fun prices have dropped today. The RSI is at 38, indicating a bearish bias. It has failed to reclaim neutral 50 zone. MACD has bearish crossovers both on intraday and 4-hour time frames. Histograms reflect consistent downside pressure.
The liquidity data is even more revealing. Spot inflow/outflow data shows that on August 16, more than $544K left the exchanges. This means capital is leaving the exchanges rather than entering them. This change is in line with the rejection of $0.00380, and the bearish mood becomes even stronger.
Bollinger bands, EMAs and Smart Money Signals
Bollinger Bands on 4-hour chart are expanding down as the price moves closer to lower band near $0.00328. This indicates a downward expansion of volatility. The EMA alignment also shows a bearish trend, with the 20,50, and 100 EMAs now above price.
Smart Money Concepts’ 2-hour chart shows multiple CHoCH signals and BOS indicators confirming a bearish order flow. Price is currently testing the demand zone near $0.00340. However, with liquidity waning, this support might not hold until buyers regain volume strength.
The SAR dots have been positioned above the candles to confirm further the downward continuation.
Pump.fun Price Prediction: Short-Term Outlook (24H)
Pump.fun’s price action is still under pressure in a downward channel. If $0.00330 fails, PUMP may slide towards $0.00310. The next strong support is closer to $0.00300.
If buyers defend the zone and reclaim $0.00353, then momentum could shift to $0.00370, and eventually $0.00400 where overhead supply is still high. This requires strong inflows, however, to counter recent outflows. RSI is weak and EMAs are stacked in a bearish way. Liquidity outflows are also accelerating.
Pump.fun Price Prediction Table: August 17, 2020
|
Indicator/Zone |
Level/ Signal |
| Pump.fun price today | $0.00342 |
| Resistance 1 | $0.00353 |
| Resistance 2 | $0.00370 |
| Support 1 | $0.00330 |
| Support 2 | $0.00310 |
| EMA Cluster (20/50/100, 4H) | All above price is a bearish. |
| RSI (30 min) | 38.8 (bearish momentum) |
| MACD (30-min). | Bearish crossover |
| Bollinger Bands (4H) | Expanding downward |
| Parabolic SAR (2H). | Bearish dots above the price |
| Liquidity Netflow (16 Aug) | -$544K inflow, bearish signals |
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