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Pump.fun Price Surges 10% Amid InsightX Network Partnership as PUMP Targets $0.0050

Highlights:

  • Pump.fun price has increased 10% to $0.0046. 
  • Pump.fun has collaborated with InsightX Network to launch the Bubblemaps V2.
  • Bullish technical indicators signal a potential rally to $0.0050 before a healthy pullback.

Pump.fun price is among the top trending coins, surging 10% to $0.0046. Its daily trading volume has accompanied the price movement, spiking 19% to $414.8 million, suggesting growing investor optimism. Recently, Pump.fun purchased 2,192,383 units of tokens at $PUMP, significantly impacting the available supply. This represents an improvement of 1.102% over the last week, with 98.23% of the total revenue in the two weeks between August 28 and September 3.

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It should be noted that Pump.fun also partnered with InsightX Network to release the long-awaited Bubblemaps V2. The new version of Bubblemaps, which is already built into the Pump App, includes a shiny new user interface (UI) and blistering performance. The new UI will foster connection and interaction with the user experience within the DeFi world.

The Bubblemaps V2 also adds a feature that is available only to users of the Pump.fun mobile app to use. This business tactic will help to draw more individuals to the platform by offering a unique and innovative market movement analysis tool. This launch has been met with a lot of excitement as people look forward to enjoying the new features that Bubblemaps V2 has to offer.

PUMP Liquidations Data Outlook

With regard to liquidations, a significant volume of market activity has been witnessed with $PUMP. According to the Liquidation Heatmap, the company’s liquidation over the last 24 hours resulted in the liquidation of $4.71 million of its assets. All the liquidations have not yet cleared the long positions, and the total long positions are $1.36 million, while the short positions are $3.35 million. This balance indicates that the market sentiment about $PUMP is not yet dead. Further, investors are not considering dumping their stake, hoping the asset will continue to gain value.

Crypto Liquidation Heatmap. Source: CoinGlass

Pump.fun Price Spikes in a Parallel Channel

The Pump.fun price is showing a splendid bullish trend within a rising channel at $ 0.0045. The bulls are having the upper hand, as they have established a strong support at $0.0033 and $0.0036. Further, a classic long-term uptrend is imminent as the golden cross has emerged. 

Pump.fun price
PUMP/USD 4-hour chart: TradingView

The technical indicators show intense buying pressure. However, a break above 70 could call for a short-term pullback in the market. On the other hand, the MACD has made a bullish crossover, calling for traders and investors to buy more PUMP tokens. In the meantime, the 10% rally today suggests increased investor optimism. In the short term, PUMP price prediction shows the token may push toward $0.0050 before overbought conditions strike.

Further, in a highly bullish case, the bulls may rally towards $0.008-$0.01 by the end of the year if the momentum is sustained. However, if early profiteering commences, the token may flip towards $0.0036 safety net. 

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