Will the PUMP price bounce back when revenue remains at an impressive level?

On October 10, the crypto market witnessed a sharp plummet. The market capitalization of the altcoin group “evaporated” by 12.68% in just 24 hours, leaving investor sentiment in fear and pessimism.

However, amidst that storm, one protocol continues to “print money” regularly.

Source: The BlockPump.fun (PUMP) recorded impressive revenue of 1.31 million USD in just one day on October 20 – significantly higher than its competitor Moonshot, which only earned 17,450 USD in the same timeframe.

Source: Token TerminalAlthough most of the crypto market is stagnating in revenue and activity in October, Pump.fun – along with its own decentralized exchange named PumpSwap – still recorded a slight increase over the past week.

Specifically, the revenue of the protocol increased from 5.787 million USD to 6.073 million USD, while the entire DEX sector saw a sharp decline from 39.875 million USD to 30.477 million USD, indicating a clear weakening trend in this field.

Source: The BlockCurrently, Pump.fun almost completely dominates the new token issuance space on Solana launchpads, holding 95.45% market share at the time of writing.

According to the operating mechanism, when a memecoin completes the bonding curve, it will be “graduated” and listed on the DEX – which could be an external or internal exchange.

Before March 2025, these tokens automatically migrated to Raydium DEX, but that has changed since PumpSwap officially launched.

Should I buy PUMP now?

Despite the outstanding successes of the platform, the price of the PUMP token is still under significant downward pressure. On the daily timeframe, the price structure continues to maintain a downward trend, while the area above the chart forms an (imbalance) zone that coincides with the previous swing low — creating a strong resistance area in the range of 0.0048–0.005 USD, challenging the efforts of the bulls.

Daily PUMP/USDT Chart | Source: TradingViewThe On-Balance Volume (OBV) indicator has fallen below the late September lows, reflecting the selling pressure dominating. At the same time, the RSI still signals a bearish trend, indicating that market momentum shows no signs of positive change.

However, if PUMP can recover and exceed the threshold of 0.0045 USD, this will be the first signal for a potential trend reversal. In addition, the buyback activities of token (buyback) in the near future — if maintained steadily — could become an important catalyst to strengthen PUMP's recovery momentum.

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