Pump.fun's PUMP token shows potential reversal signs, rising over 6.5% in the past 24 hours, with trading volume increasing by 11.52% to $135 million. Technical analysis indicates that if PUMP breaks through the resistance level of $0.00197, it could rise by 20% to $0.0024. Derivatives data shows that traders are heavily buying, with long positions totaling $4.3 million, while short positions are only $905,000. Meanwhile, over $1.73 million worth of tokens have been withdrawn from exchanges, indicating market accumulation.