PUMP Crypto Rally and Solana Testing $120 Resistance

Author

Ahmed Barakat

Author

Ahmed Barakat

Part of the Team Since

Mar 2024

About Author

Ahmed Barakat is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.


Fact Checked by

CryptoNews Editorial Team

Author

CryptoNews Editorial Team

Part of the Team Since

Sep 2018

About Author

The CryptoNews editorial team is composed of seasoned writers specializing in cryptocurrency and blockchain technology. Their expertise ensures comprehensive, accurate, and insightful content for…

Last updated: 

PUMP crypto is trading at $0.0058, up nearly +15% overnight after a +60% move over the past two weeks. Daily trading volume has also spiked to $506M, up from $420M the day before.

Reported new token launches on Pump.fun surged over the past 24 hours. The platform has spent $466.25M on PUMP buybacks, removing 16.84% of the total supply, and it’s finally yielding results after the recent price action.

Read More:  BTC Hits $80K, Then Falls as Clarity Act Hopes Fade
SOURCE: DefiLlama

Derivatives added heat, with volume up 198.47% to $1.11Bn and open interest up 17.26% to $429.46M. With both spot and futures activity surging for PUMP crypto, this could point to a sustained upward move rather than a short-term flip.

Yet the wider meme-coin market was reportedly down -4.2% at a $35.2Bn capitalization, suggesting selective rotation rather than a broad sector bid. Solana’s own price action is worth watching. It is currently trading just below $120, and reclaiming this level would likely give PUMP room to extend higher.

Can Solana Price Reclaim $120 This Week?

SOL trades at $118.56, down -1% over 24 hours. That leaves it just below immediate resistance around $120, with near-term support identified at $117.30 and a broader support zone of $113.77–$117.92.

Read More:  Crypto Markets Retrench Amid Clarity Act Delays as LiquidChain Layer 3 Presale Approaches $1M

A move above $120 could bring $123.96 and then $127.50 into view; a decisive loss of support would instead raise the risk of a slide toward $110–$110.42.

Bull case: SOL reclaims $120 and sustains the move, opening the next resistance band at the higher $120s.

Base case: Price stays range-bound between $117 and $120.

Bear case: A break below the $117 zone weakens the setup and puts $110 in play. US inflation data is the key macro catalyst; a hotter print could pressure risk assets and make support harder to defend.

For ecosystem context, Solana’s token-launch activity and recent foundation appointments offer two different signals: speculative throughput and longer-term ecosystem development.

Maxi Doge Targets Early Mover Upside as SOL and PUMP Crypto Test Key Levels

SOURCE: Maxi Doge

The PUMP crypto rebound has a credible activity-and-buyback mechanism behind it, but a sharp rally can also pull in leverage faster than spot demand can absorb it.

Read More:  CLARITY Act Senate Vote Set for September 15

With the broader meme-coin market weak, the move may be more about traders rotating into a standout ticker than a sector-wide return. That distinction matters: upside in a single name can be real while the market’s risk appetite remains narrow.

For traders looking beyond established tokens, Maxi Doge (MAXI) is an Ethereum ERC-20 meme token and trading community built around a 240-lb canine juggernaut and 1000x-leverage trading culture.

Its presale price is $0.0002841, and it has raised $4,865,862.44. Staking offers a dynamic APY. Features include holder-only trading competitions with leaderboard rewards and a treasury for liquidity and partnerships.

Traders comparing early-stage exposure with liquid market leaders should size accordingly. Research Maxi Doge before considering participation.

Get Ahead of Next Meme Coin Launch Here


Facebook Comments Box

Related

Robinhood Chain kept producing blocks as apps faltered

Robinhood Chain, an Ethereum layer-2 network, kept producing blocks...

Government Working to Ensure Financial Security and Healthcare for the Elderly: Prime Minister

0 Prime Minister Tareque Rahman has stated that the government...

SEC changes token buyback guidance as spending hits $638M

The US Securities and Exchange Commission tightened its guidance...

Binance Funding Account ends direct crypto deposits

From Sept. 29, Binance says Funding Accounts no longer...

Bitcoin Entering New “Bullish Regime” According To Options Market

Bitcoin futures open interest is back above $50 billion...