3 prominent coins in the Pump.Fun ecosystem before the launch of the PUMP token

Pump.fun launched its native token PUMP yesterday, and it is not surprising that the sale ended in just 12 minutes. During that short period, retail investors purchased approximately 500 million dollars worth of PUMP, at a valuation of 4 billion dollars.

However, according to the analysis, this expectation does not bring positive results for the tokens belonging to the Pump.Fun ecosystem.

Goatseus Maximus (GOAT)

The price of Goatseus Maximus (GOAT) has increased by 28% this week, becoming one of the best-performing tokens on Pump.Fun. However, the expectations surrounding the launch of the PUMP token have caused GOAT to drop by 8% in the past 24 hours.

Nevertheless, GOAT remains a notable altcoin due to its strong volatility and high level of interest from the market.

Currently, GOAT is trading at $0.124, holding above the important support level of $0.117. The MACD indicator shows that bullish momentum is strengthening, potentially pulling the price back up.

GOAT Price Analysis | Source: TradingViewHowever, if investors decide to take profit by selling, GOAT may face downward pressure. If it loses the support level of $0.117, this altcoin will drop to $0.102 and invalidate the bullish argument.

Peanut the Squirrel (PNUT)

The price of Peanut the Squirrel (PNUT) has increased by 22% in the past week, reaching a level of $0.264. However, like other Pump.Fun tokens, PNUT has decreased by 5% in the last 24 hours. Nevertheless, PNUT still shows positive signs of upward momentum.

The Parabolic SAR indicator is currently signaling an upward trend. If this altcoin holds above the important support level of $0.26, it may continue to rise towards the $0.3 area. The overall bullish momentum of the market could also provide additional impetus for the price of PNUT.

PNUT Price Analysis | Source: TradingViewIf PNUT cannot hold the support level at $0.26, it may face downward pressure. Sliding below this level will push the price down to $0.219, erasing recent gains and invalidating optimistic prospects.

Pythia (PYTHIA)

Pythia (PYTHIA) increased by 44% in the past 7 days but decreased by 1% in the last 24 hours, currently trading at $0.049. This altcoin is facing resistance at $0.052. The momentum at this time indicates the potential for further upward movement, as PYTHIA remains of interest to investors in the Pump.Fun ecosystem.

The Ichimoku Cloud indicator is below the price candles and is signaling a bullish trend for PYTHIA. This indicates the potential for further price increases, especially in the context of the upcoming launch of the PUMP token.

If market conditions remain favorable, PYTHIA will break through the resistance level of $0.052 and aim for the $0.06 mark in the coming days.

PYTHIA Price Analysis | Source: TradingViewHowever, if profit-taking activity occurs, PYTHIA may face a downward trend. Falling below the support level of $0.039 will lead to a deeper downward trend, with the risk of sliding down to $0.033. If this happens, the current bullish outlook will be invalidated.

Minh Anh