Solana's Pump token is transitioning from a bearish trend to a bullish structural shift as short-term momentum overtakes long-term averages, signaling sustained upside potential.
Too little corroboration in the last 3 days to call a trend (2 articles). Watching for it to gain traction.
"The 50-day Exponential Moving Average, or EMA—which tracks short-term price momentum by weighting recent closes more heavily, is crossing above the slower and longer-term 200-day EMA, which represents the long-term trend baseline. That crossover, called a golden cross, signals a structural shift from a bearish trend to a bullish one."
"The simultaneous rise in price and open interest suggests fresh capital is entering rather than short positions closing. Funding rates have flipped positive during the recovery, meaning leveraged longs are now paying shorts to hold their positions—a signal that the market is building conviction, though one that makes the setup more vulnerable to a sharp flush if price reverses."