Pump.fun rallies for a third week as FET sinks to a record low

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Pump.fun rallies for a third week as FET sinks to a record low
PrimeXBT Editorial Team
Reviewed by PrimeXBT

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Altcoin trading stayed selective this week, with gains concentrated in a handful of tokens rather than spreading across the sector. Pump.fun extended its rally into a third week, FET slid to a fresh all-time low, and Lido DAO reversed a four-week winning streak.

Capital rotated into only a handful of high-conviction tokens this week rather than lifting the broader altcoin market, keeping trading conditions risk-off across most sectors. AI tokens showed the same split rather than a sector-wide move, with capital staying concentrated in stronger projects such as Bittensor while weaker names kept underperforming.

Pump.fun rallies for a third week

Pump.fun led the market this week, climbing in a double-digit rally that marked its third week of gains and pushed the token up more than 37%. Most of that advance traces back to a single explosive move, since an earlier weekly rally added just 1% by comparison. This week's gain has climbed in a more controlled fashion than that move, and the token is now approaching a $0.002 resistance zone where profit-taking is likely to pick up.

KAITO ranked as the week's second-best performer with an 18% rally, though it has already pulled back 3% intraday. The advance pushed the token into a $1.15 resistance zone, and a pullback toward $1 looks likely. A breakout toward $1.50 this month remains possible if bulls step in, aided by RSI cooling back toward neutral after entering overheated territory.

FET slides to a record low as Lido DAO reverses

Memecore led this week's losers, but its 13% decline looks milder than the 76% weekly breakdown that pushed the token below the $2.5-$3 support zone in late June. The token has traded sideways near $1 for nearly five months, and an oversold RSI reading suggests the latest slide could reflect fading selling pressure rather than fresh panic.

Artificial Superintelligence Alliance's FET token was the second-biggest loser, sliding 11% to a fresh all-time low of $0.14 after two weeks of holding above $0.15 support. RSI has not yet reached extreme oversold levels, leaving room for the decline to extend if buyers do not step in soon.

Lido DAO dropped the third most, falling 10.04% after four straight weeks of gains that had carried the token above $0.40. RSI never entered overbought territory during that rally, suggesting bulls never fully took control, and bears now appear to be taking it back.

Source: AMBCrypto

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