2024

Raydium

PUMP

Green

<a href="https://bitcoinworld.co.in/did-jason-derulo-pump-and-dump-pump-token-a-closer-look-at-the-data/" title="Did Jason Derulo Pump and Dump PUMP Token? A Closer Look at the Data" rel="noopener noreferrer nofollow"></a>
<ul>
 <li style="font-weight: 400">Jason Derulo’s post boosts interest in PUMP token despite a 2.81% drop, highlighting vigorous trading activity.</li>
 <li style="font-weight: 400">PUMP token shows a bullish trend with higher highs and sustained interest, driven by significant trading volume spikes.</li>
 <li style="font-weight: 400">Support at $0.002500 and resistance at $0.004000 mark crucial levels for PUMP token amidst short-term volatility and consolidation.</li>
</ul>
Jason Derulo’s recent <a href="https://twitter.com/jasonderulo/status/1804936436195754144" rel="noopener noreferrer nofollow">tweet</a> mentioning “pumpdotfun” has coincided with a surge in trading activity for the PUMP token, despite a slight price dip in the past 24 hours.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 let me take you dancin <a href="https://twitter.com/pumpdotfun?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@pumpdotfun</a> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;">
 6SUryVEuDz5hqAxab6QrGfbzWvjN8dC7m29ezSvDpump <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f57a.png" alt="🕺" class="wp-smiley" style="height: 1em; max-height: 1em;">
 — Jason Derulo (@jasonderulo) <a href="https://twitter.com/jasonderulo/status/1804936436195754144?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 23, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
PUMP’s price stands at $0.182558, reflecting a 2.81% decline. However, despite this drop, the token’s trading activity remained strong.
The candlestick chart for the JASON/SOL trading pair on the Raydium platform, provided by Dexscreener.com, offers interesting insights.&nbsp;
At a 15-minute interval, the chart displays notable price movements and trading volumes. Green candles indicate price increases, while red candles signify price decreases.&nbsp;
The volume bars at the chart’s bottom depict the number of transactions within each 15-minute interval, with a total of 17.458K trades.
In the most recent trading session, key price levels were recorded as follows: Opening Price (O): 0.002638, High Price (H): 0.002771, Low Price (L): 0.002658, and Closing Price (C): 0.002675.&nbsp;
This data <a href="https://dexscreener.com/solana/4xmdx5umx7qt3uvmapdxzwpqefx2wzf4tz69xamnyf3x" rel="noopener noreferrer nofollow">shows</a> a price change of 0.00003699, equivalent to a 1.40% increase. A significant price spike occurred around the 6:00 mark.
During this period, the price surged from approximately 0.002000 to around 0.004000. Following this spike, the price showed some volatility but remained higher than the pre-spike prices.&nbsp;
This indicates a possible bullish trend in the short term. However, the recent pullback suggests potential consolidation or a short-term correction.
Moreover, volume analysis reveals a notable increase in trading activity leading up to and during the price spike. This surge in volume suggests heightened interest, possibly driven by news or significant buys.&nbsp;
Although the volume slightly decreased post-spike, it remained elevated compared to the pre-spike period. This sustained interest hints at continued market engagement with this trading pair.
Regarding support and resistance levels, the chart indicates support around 0.002500. Multiple candlesticks found a base near this level post-spike, suggesting a strong support zone. Conversely, resistance is identified around 0.004000, where the price peaked before retracting.
The short-term trend for the JASON/SOL trading pair appears bullish. The chart shows higher highs and higher lows following the initial spike.&nbsp;
However, the recent pullback indicates a potential short-term correction or consolidation phase.

Did Jason Derulo Pump and Dump PUMP Token? A Closer Look at the Data

ItsBitcoinWorld

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