$PUMPBTC is definitely on my watchlist right now. The current price is around $0.01157, with the token up roughly 10.09% over the last 24 hours.
Looking at the current structure, I’m leaning long for the short term. The pullback doesn’t look particularly weak to me, and it seems like the money hasn’t fully left the market yet.
One thing that caught my attention is that around 86% of longs are currently in unrealized profit, while the funding rate is sitting near +0.059%. That means longs are still paying funding, so I’m watching closely to see whether buyers can continue holding their positions.
For me, $0.01128 is the key level to watch. As long as price stays above this area, I think the structure still has a chance to continue higher. If
$PUMPBTC can break and hold above $0.01192, that could open up more upside and give the bulls stronger confirmation.
But I wouldn’t ignore the downside either. The most important thing now is how price reacts during the pullback. If buyers step in with strong support, the bullish setup becomes more interesting. If the key levels start breaking, the whole setup needs to be reconsidered.
I’ll be watching the 15-minute chart closely from here. For me, the real question is simple: will buyers defend the key levels and push for another move higher, or will this pullback turn into something deeper?
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