Top Crypto Performers Amid Market Volatility
Pump.fun (PUMP), Aerodrome Finance (AERO), and World Liberty Financial (WLFI) lead the cryptocurrency market in the last 24 hours. The market remains volatile ahead of the US Federal Reserve’s decision on Wednesday. Over $400 million in liquidations occurred during this period. Despite this, technical analysis shows a bullish trend for these tokens, suggesting possible further gains.
Pump.fun Pauses After Seven Days of Gains
Pump.fun (PUMP) fell slightly by over 1% on Tuesday. This ends its streak of seven straight days of gains. The token hit a record high of $0.008980 on Sunday. It now faces resistance near the 1.272 Fibonacci extension level at $0.009314. A close above this level could push the price toward the 1.618 extension at $0.013687.
Technical indicators show strong buying pressure. The Relative Strength Index (RSI) is overbought at 84. The Moving Average Convergence Divergence (MACD) remains in an uptrend with green bars. However, if PUMP fails to hold above $0.009314, it could drop back to $0.006882, the July 15 high.
Aerodrome Finance Holds Gains and Eyes Higher Levels
Aerodrome Finance (AERO) trades above $1.30 on Tuesday, recovering from a low of $1.273. The token kept its 8% gain from Monday. It bounced off the 50-day Exponential Moving Average (EMA) at $1.144 and the pivot level at $1.147.
AERO aims for the 78.6% Fibonacci retracement at $1.485. This level is based on the December 12 high of $2.334 and the April 7 low of $0.282. The MACD crossed above the zero line on Friday, signaling bullish momentum. The RSI is steady at 57, with room to rise before becoming overbought.
If AERO falls below the 61.8% Fibonacci level at $1.041, it may test the 200-day EMA near $0.935.
World Liberty Financial Shows Signs of Recovery
World Liberty Financial (WLFI), supported by former US President Donald Trump, rose over 2% on Tuesday. It added to Monday’s 3% gain. The token is recovering inside a symmetrical triangle pattern on the 4-hour chart. There is room to move up before hitting the triangle’s resistance line.
A break above the R1 pivot at $0.2389 would confirm a bullish breakout. This could lead to a target near the R2 pivot at $0.2673. The MACD is trying to cross above its signal line, showing bulls are regaining control. The RSI is at 56 and rising, indicating growing buying pressure.
If WLFI falls below the support trendline near the 50-period EMA at $0.2114, it could test the $0.20 psychological level. Further decline may reach the S1 pivot at $0.1839.
