Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
BTC 
PUMP Crypto market sentiment is picking up, but Bitcoin remains dominant
At the opening of Monday, the cryptocurrency market rose 1.1% to a Fear and Greed Index of 39. This means that the market is still in a state of fear, but no longer panic. At the same time, the altcoin seasonal index is 44 out of 100, often indicating that traders use Bitcoin as a tool to hedge against volatility and excessive bearish trends. Bitcoin's dominance is still high enough that most altcoins perform poorly.
Pump.fun Token PUMP rose against the trend
The native token PUMP of Meme coin factory Pump.fun on Solana did not follow the trend. PUMP was the best performing token among the top 100 today, with an intraday gain of nearly 9%. Technical signals have finally confirmed the trend implied by revenue data a few weeks ago.
PUMP hit a bottom of US$0.001491 in July, and its price has almost doubled since then, reaching US$0.003000 in intraday trading today before falling back to US$0.002933. According to CoinMarketCap data, the monthly increase is about 90%.
There is a technical "golden cross"
The 50-day exponential moving average (EMA)-which tracks short-term price momentum by paying more attention to recent closing prices-is moving upwards through the slower long-term 200-day EMA (representing the long-term trend baseline). This crossover is known as the "golden crossover" and marks a shift from bearish to bullish market structure.
This does not guarantee that the trend will continue, but this is the first time since PUMP was launched in mid-2025 that short-term momentum has surpassed the long-term moving average from below. After months of using the 200-day moving average as resistance, the moving average is now playing a support role.
Trend Strength and Momentum Indicator
The Average Directionality Index (ADX) measures the strength of the trend, regardless of direction, and ranges from 0 to 100. A value above 25 indicates that the market is in a trend, and a value above 40 indicates a strong trend. PUMP's ADX reading is 45.3, and the positive indicator is higher than the negative indicator, indicating that bulls are leading a stronger trend. The Relative Strength Index (RSI) is 51.4, which is higher than the 50-line that separates long and short momentum, but there is still some way to go from 70, so there is no overbought warning and there is still room for continued growth.
Fundamental support: Repurchase and revenue
charts do not operate in isolation. According to DefiLlama data, the agreement's revenue in the past seven days was US$11.52 million, of which US$5.37 million went directly to PUMP token holders through the repurchase and destruction program-a mechanism that converts fee income into direct buying pressure on tokens.
This means that liquidity has stabilized, early allocation has been basically absorbed, and continuous repurchase has provided fundamental support for the chart, which cannot be provided by a simple chart form.
In addition, Pump.fun's new social trading feature to compete with trading app Fomo for top traders seems to have restored market confidence in the positioning of the protocol.
Derivatives markets are simultaneously bullish
The derivatives market also supports it. According to Coinglass data, the open interest in PUMP perpetual contracts was $238.42 million, up from approximately $189 million two weeks ago, when the token was still testing the $0.0025 level.
Prices rose in sync with the volume of open interest, indicating that new funds entered rather than short positions. During the rally, the funding rate has turned positive, meaning that leveraged bulls are currently paying short positions for holding their positions-a signal that the market is building confidence, but also makes the structure more prone to sharp declines if prices reverse.
