PUMP bulls flood the tape: $3.22B buys drown out $2.7B sells and OI gets a second wind 🚀

Pump.fun [PUMP] climbed to a monthly high of $0.00169 before pulling back to $0.00165 at press time, up 9% on the daily chart, according to market data. The move was accompanied by a 61% surge in trading volume, indicating a sharp rebound in participation after the token failed to breach $0.00165 for three consecutive days. Following a dip to $0.0015, buyers returned to defend that support zone.

Coinalyze figures show PUMP recorded $3.22 billion in buy volume against $2.7 billion in sell volume on July 5, a trend that has continued in subsequent sessions. At the time of writing, buy volume stood at $1.14 billion versus $1.02 billion in sell volume, producing a positive buy-sell delta of 616 million over the period. A positive delta indicates that buyers currently hold significant control of the spot market.

Activity also accelerated in derivatives. PUMP's Open Interest rose 12% to $144 million, while derivatives volume climbed 40% to $149 million. Rising Open Interest alongside higher volume typically reflects the opening of new positions in both directions, and on Binance and OKX the Long/Short Ratio has remained above one, pointing to a tilt toward long positioning.

The token's recent relative strength has been supported by recovering demand-side metrics. The Aroon Up indicator reached 100% while Aroon Down fell to 21%, a configuration associated with strong upward momentum. The ADX-DI indicator reinforced that picture, with its positive index forming a bullish crossover and rising to 16. If demand across spot and derivatives markets is sustained, PUMP could attempt to hold $0.0016 and target the $0.0018 resistance level; a failure to close above $0.0016 would open the door to a pullback toward $0.0013.