Most meme coin rebounds fail when volume doesn't follow the price higher, trapping anyone who thought the worst was over.
That's the exact situation unfolding with $PUMP right now. Traders jump in on the green candles assuming the dump is finished, only to get caught in another fade because they skipped checking actual momentum.
The rebound is holding so far, sitting roughly 16% above the recent low near 0.0027. Price hasn't broken that short-term support. But the momentum remains weak. Volume during this bounce came in 38% lighter than the preceding selloff, and unique accumulating wallets on-chain haven't increased meaningfully. That's a typical warning in $SOL based memes that this could just be a pause before more downside.
Similar patterns played out with $BONK last year where the first rebound sucked in buyers then dumped harder. Without a pickup in real inflows, $PUMP risks giving back the entire bounce and testing lower levels.
Where do you think this goes from here if the volume stays this thin?
#PUMP #Solana #OnChain
That's the exact situation unfolding with $PUMP right now. Traders jump in on the green candles assuming the dump is finished, only to get caught in another fade because they skipped checking actual momentum.
The rebound is holding so far, sitting roughly 16% above the recent low near 0.0027. Price hasn't broken that short-term support. But the momentum remains weak. Volume during this bounce came in 38% lighter than the preceding selloff, and unique accumulating wallets on-chain haven't increased meaningfully. That's a typical warning in $SOL based memes that this could just be a pause before more downside.
Similar patterns played out with $BONK last year where the first rebound sucked in buyers then dumped harder. Without a pickup in real inflows, $PUMP risks giving back the entire bounce and testing lower levels.
Where do you think this goes from here if the volume stays this thin?
#PUMP #Solana #OnChain