PUMP token recovers 43%, trading in an ascending channel with bullish momentum building for a breakout | Credit: Veronica Cestari
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Key Takeaways
PUMP has surged 43% from its all-time low of $0.0023, trading in an ascending channel.
Positive AO reading, rising MFI, and a Supertrend buy zone suggest substantial accumulation.
A break above $0.038 could fuel a more substantial rally, but failure to hold support risks a decline.
Seven days ago, Pump.fun (PUMP) crashed to an all-time low of $0.0023. One week later, the tide changed, and the PUMP token price rose 43% from that point.
This rebound has reignited market interest in the memecoin that some once called “dead.” But will the value of cryptocurrency continue to rise?
Let’s find out.
Pump.fun Finds the Floor
Unlike its trend over the past few weeks, the PUMP token price trades within an ascending channel — a bullish structure marked by higher and lower lows. This shift signals an apparent change in market sentiment, with buyers gradually taking control after a period of weakness.
If the token continues to respect this channel, it could build the momentum needed to challenge overhead resistance levels. A breakout above the channel’s upper boundary could trigger a more substantial rally.
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However, other indicators must align for PUMP to maintain its ascent within the ascending channel and attempt a breakout. On the 4-hour chart, the Awesome Oscillator (AO) has now risen into positive territory, signaling that bullish momentum is building.
A sustained AO reading above zero often confirms that buying pressure outweighs selling pressure, which could strengthen the case for continued upside. If this momentum persists and volume supports the move, PUMP may be well-positioned to challenge its following resistance levels.
Looking at the chart above, PUMP’s price appears ready to challenge resistance at $0.039. If validated, the memecoin could also rise toward $0.046.
PUMP Price Prediction: Rebound Sustainable
Like the 4-hour chart, the 2-hour timeframe reflects a bullish setup for the PUMP token price. As seen below, the PUMP price action continues to post higher lows, signaling sustained accumulation and buyer strength.
Adding to the bullish case, the Money Flow Index (MFI) has moved above the zero signal line, indicating that capital inflows are outpacing outflows.
Beyond the higher lows and rising MFI, the green line of the Supertrend indicator is now positioned below PUMP’s price. This alignment signals a bullish trend and confirms that the token trades in a buy zone.
If this level breaks, the path toward $0.046 becomes increasingly likely, especially with bullish momentum visible across the 2-hour and 4-hour charts.
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.
