Is the bounce back of PUMP strong enough to reverse the trend?

Pump.fun (PUMP) has increased by 10% in the past 24 hours, continuing to strengthen its stable upward momentum. This momentum was driven immediately after the project announced the completion of the acquisition of Padre — a trading platform that has recorded over 1 billion USD in lifetime trading volume and about 10 million USD in accumulation fees.

On-chain investors demonstrate strong commitment

Investor confidence in PUMP continues to be reinforced as the total value locked (TVL) skyrockets during the transaction period.

Data from DeFiLlama shows that approximately 10 million USD worth of PUMP has been sent to protocols aimed at accumulating long-term profits, thereby raising the total net income of token holders since October 1 to 29.4 million USD.

Source: DeFiLlamaMeanwhile, trading activity on decentralized exchanges (DEX) has also recorded a strong increase in the past 24 hours, reaching 268.9 million USD. If this upward trend is maintained, PUMP is likely to extend its impressive performance from last week — a period when trading volume peaked at 1.85 billion USD, according to market analysis data.

The derivatives market adds momentum to the increase

The perpetual market ( is witnessing a large influx of capital, clearly reflected in the significant increase in open interest )OI(. According to data from CoinGlass, the daily open interest for PUMP has increased by an additional 37.5 million USD, bringing the total value of open futures contracts to approximately 440 million USD.

![])https://img-cdn.gateio.im/webp-social/moments-22f6a2276254414f513b136deacffff4.webp(Source: CoinGlassThis strong uptrend indicates that the bulls are in control, as the PUMP price continues to maintain an upward trend. However, traders need to monitor additional indicators to predict the next direction of the market. Currently, the Taker Buy/Sell ratio is at 1.05, indicating that the volume of buy orders has exceeded sell orders, further reinforcing the ongoing bullish trend.

Will the uptrend pause?

Although market sentiment remains optimistic, data suggests that the possibility of a short-term correction cannot be ruled out. The reason lies in the fact that the upward momentum of PUMP has not fully synchronized with the )Liquidation Heatmap(.

![])https://img-cdn.gateio.im/webp-social/moments-c83e10a2cf6e62c55456f675c67f5f5c.webp(Source: CoinGlassSpecifically, the liquidation chart reveals a large cluster of liquidity that has not yet been absorbed lying below the current price level, while the clusters of liquidity above are quite scattered. According to technical analysis, these unfilled liquidity zones often act as “price magnets,” making it easy for the market to return to test or create short-term corrections.

However, in the past 24 hours, approximately 2.3 million USD worth of Short positions have been liquidated, indicating the strength of the bulls )bulls( is still dominating, maintaining short-term upward momentum.

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