Pump.fun Gains Momentum After Binance US Listing
Pump.fun (PUMP) is rising steadily above the $0.005 level. This growth follows its recent listing on Binance US and a surge in revenue. Since August 6, Pump.fun has earned over $1 million daily, according to Token Terminal data.
On Thursday, PUMP rose 2%, adding to an 18% gain from the previous day. The token is approaching its record high of $0.006682 set on July 15. Technical indicators show strong bullish momentum. The MACD and signal line are trending upward, and the RSI is at 74, indicating overbought conditions.
If the price reverses, PUMP may retest the $0.005 support level.
Avalanche Nears Key Resistance After WeBlock Deal
Avalanche (AVAX) remains a top performer after Ava Labs signed a Memorandum of Understanding with WeBlock. This deal aims to boost tokenization and stablecoins in South Korea.
AVAX fell 1% on Thursday after a 13% jump on Wednesday. The token faces resistance near the $29.78 pivot point. Breaking above this could push AVAX toward $32.79.
The 50-day EMA recently crossed above the 200-day EMA, forming a Golden Cross. This signals a stronger short-term rally. The RSI is at 67, nearing overbought levels. The MACD also shows rising bullish momentum.
If AVAX pulls back, it may retest support around $26.
Mantle Hits Record High After Bybit Listing
Mantle (MNT) continues its uptrend for the fourth day. This follows the addition of 21 new trading pairs on Bybit.
MNT gained 4% on Thursday, after a 9% rise on Wednesday. The token is trading above $1.50 and reached a new record high. It may target the next resistance at $1.80.
The MACD crossed above its signal line on Tuesday, signaling a bullish trend. The RSI is at 73, showing strong buying pressure.
If MNT falls below $1.50, it could drop to $1.36.
