Did Jason Derulo pump and dump PUMP tokens? A better take a look at the information

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  • Jason Derulo's submit sparked curiosity within the PUMP token, highlighting strong buying and selling exercise regardless of a 2.81% drop.
  • PUMP token is exhibiting bullish developments with rising costs and sustained curiosity resulting from a big surge in buying and selling quantity.
  • Amid short-term volatility and consolidation, the help at $0.002500 and resistance at $0.004000 symbolize key ranges for PUMP token.

Jason Derulo's current tweet mentioning “pumpdotfun” coincided with a surge in buying and selling exercise for the PUMP token, regardless of a slight drop in value over the previous 24 hours.

The value of PUMP is at $0.182558, indicating a drop of two.81%. Nonetheless, regardless of this drop, the token's buying and selling exercise stays robust.

The candlestick chart for the JASON/SOL buying and selling pair on the Raydium platform, supplied by Dexscreener.com, affords some attention-grabbing insights. The chart shows notable value actions and buying and selling quantity over a 15-minute interval. Inexperienced candles point out rising costs, whereas purple candles point out falling costs. The buying and selling quantity bar on the backside of the chart exhibits the variety of trades per 15-minute interval, with a complete of 17,458K trades.

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Over the past buying and selling session, the important thing value ranges had been recorded as follows: Open (O): 0.002638, Excessive (H): 0.002771, Low (L): 0.002658, Shut (C): 0.002675. The information exhibits that the value change was 0.00003699, which corresponds to a rise of 1.40%. A major value spike occurred round 6:00.

Supply: dexscreener/ TradingView

Throughout this era, the value surged from round 0.002000 to round 0.004000. After this surge, the value confirmed some fluctuation however remained larger than the value earlier than the surge. This means a doable bullish development within the brief time period. Nonetheless, the current pullback suggests a possible consolidation or short-term correction.

Moreover, quantity evaluation revealed that buying and selling exercise elevated considerably earlier than and through the value spike. This quantity spike suggests elevated curiosity, possible triggered by the information and huge purchases. Buying and selling quantity decreased barely after the spike however remained at a excessive degree in comparison with the pre-spike interval. This sustained curiosity suggests continued market engagement for this buying and selling pair.

When it comes to help and resistance ranges, the chart exhibits help close to 0.002500. A number of candlesticks have discovered a base close to this degree after spiking, suggesting a powerful help zone. Conversely, resistance has been confirmed close to 0.004000, the place the value has peaked after which retreated.

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The short-term development for the JASON/SOL buying and selling pair seems bullish. The charts present that the preliminary surge is being adopted by additional larger highs and lows. Nonetheless, the current pullback signifies a doable short-term correction or consolidation part.

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