PumpFun (PUMP) Price Prediction: Early buyers are taking profits, and long positions may seek to hit $0.007.

The public Token sale of PumpFun (PUMP) has officially concluded, progressing smoothly and with explosive sales. The Tokens, which were originally expected to last for 72 hours, sold out in just 12 minutes. Today (16th) during the Asian afternoon session, PUMP continued to rise to $0.006, with a daily increase of over 11%.

PUMP Token is the native token of PumpFun, a Solana-based platform designed for the quick and convenient issuance of meme coins. This sale involves a total of 150 billion PUMP Tokens, which accounts for about 15% of the total token supply of 1 trillion, although some sources also believe that the amount sold accounts for 12.5% of the maximum supply.

The fixed price for each Token is $0.004, and the project has raised between $500 million and $600 million. This brings its fully diluted valuation close to $4 billion.

This ICO is not only taking place on the PumpFun official website but is also listed on several mainstream exchanges such as Gate. So, if you didn't manage to get in during the sale period, there are still many opportunities available now.

PUMP Price Analysis

According to Captain Altcoin, after this large-scale launch, the PUMP/USDT price has stabilized slightly below the level of 0.0066 USD. There was a strong pump in the early trading session, but it now seems to be in a sideways consolidation trend, hovering near recent highs.

The RSI on the 1-minute chart is around 66, indicating that the Token has slightly pulled back after being overbought. This is normal for any hot release—some early buyers took profits, while others are waiting for the second wave of pump.

The 50-day and 200-day moving averages have not yet taken effect within these shorter time frames, but the price trend remains above recent support levels, which is a good sign. As long as the PUMP can maintain above the range of $0.0063 to $0.0064, bulls may look to challenge the level of $0.0070 again.

In the short term, it is not surprising to see slight fluctuations before the market finds a reasonable price. If momentum rises again, we may see it rebound to $0.0072 or higher. However, if the support level is broken, it may drop towards the $0.0060 or even $0.0055 area.

Currently, PUMP remains stable after a strong first day performance. As long as its support foundation is solid and the trading volume remains healthy, the bulls will continue.

(Source: Trading View)