PUMP’s price rallied 20% to $0.0066 after breaking out of a falling wedge.
Volume jumped 63%, confirming that buyers are absorbing sell pressure.
If momentum holds above $0.0064, the PUMP token could target $0.0090.
PUMP, native to the Solana-based memecoin launchpad Pump.fun, has staged a 20% rally after breaking out of a falling wedge.
This move highlights weakening selling pressure and renewed buyer strength. If this momentum holds, PUMP’ crypto’s price could retest its all-time high and break above it.
Pump.fun Momentum Builds
On the 4-hour chart, PUMP’s price has spiked higher, now trading around $0.0066. After weeks trapped inside a descending channel, the token has confirmed a breakout above the wedge.
Reinforcing this shift, the Money Flow Index (MFI) rebounded from an oversold reading near 20. On the daily chart, the MFI now sits at 71.74 — evidence of steady capital inflows as buyers load up after the breakout.
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The Relative Strength Index (RSI) also supports this view. At 69.04, it has crossed above the neutral zone and is approaching the bullish territory of 70, signaling growing upward momentum.
Meanwhile, the 24-hour trading volume has surged 63.39%, according to CoinMarketCap. Rising volume alongside price appreciation typically validates a bullish reversal, confirming buyers are absorbing sell pressure and driving higher demand.
Institutions Take Note of the Launchpad
Beyond technicals, fundamental interest is building. In its latest research, ARK Invest spotlighted Pump.fun’s reintroduced streaming service, calling it a potential disruptor of the creator economy.
“Debuting in early 2024 as a memecoin launchpad on Solana, cryptocurrency application[18] Pump.fun(“Pump”) abstracted away the technical steps necessary to create tokens, enabling anyone to deploy a token seamlessly. Now, Pump is aiming to become the “TikTok of crypto” with a social and streaming layer powered by its instant token-launch mechanism,” ARKInvest highlighted.
While ARK stopped short of an investment call, the recognition from such an influential research firm signifies growing institutional curiosity.
If that sentiment aligns with the ongoing technical breakout, it could further accelerate PUMP’s price attempt to trade higher
PUMP Price Outlook: Bullish
Looking at the daily chart, PUMP’s price will likely maintain a bullish structure as long as it holds above $0.0064, fueled by positive momentum indicators.
Adding strength to this setup, the Parabolic Stop and Reverse (SAR) indicator has flipped bullish, with its dotted markers positioned below the price. This positioning signals that the trend favors buyers and that the token might sustain its upward momentum.
Once this remains the same, the PUMP crypto price might break out to $0.0076.
Once successful, the cryptocurrency’s value could reach a new high of $0.0090. Failure to sustain current momentum could invalidate bullish structure.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
