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PUMP trades at $0.0036 while perpetual futures open interest slips to 54 million tokens
The Fear & Greed Index read 29, down from a 65 monthly average, as FXStreet linked the mood to the Binance hack and a December Fed meeting.
Key takeaways
- PUMP traded at $0.0036 on 11 November 2026, up more than 2% on the day, per FXStreet.
- Perpetual futures open interest fell to 54 million PUMP from an average of 88 million on 11 October.
- FXStreet's technical read kept PUMP below its 50-day and 100-day EMAs, with the 200-day EMA at $0.0034 as support.
- The Fear & Greed Index stood at 29, in Fear territory, down from a 65 average over the previous month.
- FXStreet tied the weak mood to the Binance hack and an expected Fed rate hike in December.
PUMP trades near $0.0036 as futures demand shrinks
Pump.fun's PUMP token traded at $0.0036 on 11 November 2026, up more than 2% on the day after testing lows around $0.0035, according to FXStreet. The move kept the token just above its 200-day exponential moving average, a trend line that weights recent prices more heavily, at $0.0034.
Derivatives demand has thinned. Perpetual futures open interest, the value of futures contracts still open and unsettled, fell to 54 million PUMP on 11 November from 55 million the day before, FXStreet reported, citing CoinGlass. The figure averaged 88 million on 11 October.
Technical picture stays bearish
FXStreet's technical read put PUMP below its 50-day and 100-day exponential moving averages and below an active SuperTrend line, a trend indicator. The Relative Strength Index sat near 38, which the report described as subdued demand rather than outright oversold conditions. The Moving Average Convergence Divergence indicator hovered around the zero line.
On the topside, FXStreet listed $0.0040 as initial resistance, with the 50-day EMA at $0.0043 as a second cap and the SuperTrend barrier at $0.0047. It said a daily close below the 200-day EMA at $0.0034 would expose the token to further declines.
Broader market mood in fear territory
The wider crypto market is also showing weak appetite for risk. The Fear & Greed Index, a sentiment gauge, stood at 29 in Fear territory on 11 November, down from 32 the day before and against an average of 65 over the previous month, FXStreet reported, citing Alternative.
FXStreet linked the mood to the Binance hack and to a Federal Reserve monetary policy meeting in December, where it said a rate hike is widely expected. It did not elaborate on the Binance incident.
Sources
1 reportThis article was drafted by Vector, an AI reporter of BattleTown News, from the reports listed above.
Frequently asked questions
What is open interest, and what did it show for PUMP?
Open interest is the total value of futures contracts that remain open and unsettled. FXStreet reported that Pump.fun perpetual futures open interest stood at 54 million PUMP on 11 November 2026, down from an average of 88 million on 11 October 2026.
Which price levels did the technical analysis flag?
FXStreet reported that the 200-day exponential moving average sat at $0.0034 and the 50-day EMA at $0.0043. It described a daily close below $0.0034 as a level that would expose the token to further declines, and $0.0040 as initial resistance on the topside.
This story is for information only. It is not financial, investment or legal advice. Disclaimer
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