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Is the Solana season coming? Analysts are focusing on the sales of Pump, as the PUMP price soars.
The activity on the Pump.fun trading platform under Solana has surged, pushing the daily trading volume to surpass 1 billion USD, and the PUMP price has also risen, sparking discussions about Solana potentially entering a “bull run.” Analysts point out that the high usage rate of the platform and continuous buybacks are key factors driving the price increase. Additionally, as funds flow back into the Solana ecosystem, SOL trading has also become more robust. Pump.fun is the core trading platform for Solana memecoins, having recently launched the PumpSwap AMM and the “Spotlight” feature. Since July, buyback activities have absorbed a large supply. PUMP is currently approaching a resistance level of 0.004500 USD, and analysts indicate that if it breaks through this resistance level, the target price may be between 0.004700 USD and 0.004900 USD. However, if it faces resistance, it may pull back to around 0.004200 USD.