PumpFun (PUMP) price prediction: Listing on CEX continues the pump, long positions attempt to firmly break through the 0.0065 USD resistance level.

PumpFun (PUMP) reported 0.0064 USD today (16) in the Asian early trading session, continuing its rise after being listed on mainstream Centralized Exchanges (CEX). Analysts believe that once PUMP long positions firmly break through the 0.0065 USD resistance level, it will open a new rising trend line.

The largest cryptocurrency exchange in the United States has officially launched the native token (SOL) of a well-known platform in the Solana ecosystem, thereby shaking up the meme coin market. According to the latest announcement, the altcoin PUMP has been added to the digital asset portfolio of the exchange.

PumpFun has quickly gained attention due to its simple platform, allowing users to create and trade native meme coins without any programming skills. Since its launch in 2024, the platform claims to have issued over 11 million tokens and achieved an astonishing revenue of around 700 million dollars.

PumpFun aims to reward users who purchase new coins early. It also provides a "graduation" opportunity for eligible meme coins, meaning they can be listed and traded on decentralized exchanges (DEX) after reaching important milestones.

Just last week, PumpFun completed one of the fastest token sales in history, setting a record. The public sale of PUMP has officially ended, and the project team announced that all tokens were sold out in just 12 minutes.

All PUMP tokens distributed through the PumpFun official website and partner exchanges will be issued to buyers within 48 to 72 hours after the sale ends. Once the protocol confirms the issuance is complete, these tokens can be traded and transferred.

The PumpFun platform announced the distribution structure of up to 1 trillion PUMP tokens in a prior announcement, along with its long-term development vision and community support as follows:

33% used for Initial Coin Offering (ICO)

24% allocated to community and ecosystem development programs

20% allocated to the development team

13% belongs to existing investors

2.4% for ecological fund

2% is the platform fund

3% support live events

2.6% for increasing liquidity and servicing the exchange

PUMP Price Analysis

Looking ahead, the PUMP token may become a sentiment-driven meme coin in the short term. Its hourly chart shows that the main support level is at $0.005, with a resistance level at $0.0065, and a new rising trend line has appeared. Long positions will attempt to hold onto this trend line to create breakout opportunities.

Breaking below the 0.005 USD support level could trigger further selling, but a decisive close above 0.0065 USD would lay the groundwork for a new high, especially if the PumpFun team announces meaningful utility for the PUMP token.

(Source: Trading View)