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Recently, PUMP's performance within a week has indeed attracted quite a bit of attention. The short-term increase approaching three times reflects market preference for such projects and also exposes high volatility characteristics.
In the relatively calm context of the Solana ecosystem, few projects can maintain independent movement and stand at high levels. From a market psychology perspective, these types of projects often become the main participants in the next hot spot. When market sentiment warms up or there is a substantial catalyst, projects that have undergone sufficient shakeout and have relatively concentrated chips may react first, sometimes faster than expected.
On the technical side, the daily chart shows a clear bottoming pattern. After multiple confirmations at key support levels, the price begins to gently increase with volume. This type of movement is usually seen as a relatively healthy sign of initiation. The current stage is the final consolidation zone before a breakout and is also a key time to confirm the trend.
Many traders target the 0.004 level — this is not only a technical resistance but also a potential convergence point of market consensus.
In reality, opportunities to buy at low levels are often fleeting. Waiting until everyone sees the rally and then follows usually means missing the optimal entry point. This may be a rare observation window before the project takes off.
It is important to emphasize: strictly control position sizes, set stop-loss points in advance, let profits run freely, and remain sufficiently alert to potential risks. Trading has no absolute certainty; risk is always the top priority.