PUMP surged 9.6% in a single day, successfully defending the $0.0034 support and reaching a local high of $0.0038. The project executed a massive buyback of 240 million tokens to reduce the inflationary supply of the token. The network also saw its active addresses climb to 1.2 million, reflecting renewed demand for the protocol. Technical indicators remain bullish with the ADX at 36, but the Long/Short Ratio below 1 suggests persistent caution among investors. PUMP’s challenge will be to hold a close above $0.0036 to target $0.004 and eventually $0.0046.
Source: Read the original article
