Rising market interest and momentum have pushed PUMP higher.
RSI at 62.38 and MFI at 56.63 confirm sustained buying pressure.
PUMP trades above a falling wedge, with targets from $0.0058.
After a brief consolidation, Pump.fun (PUMP) has reignited bullish momentum with an impressive 35% surge over the past week.
This move reflects renewed investor enthusiasm and growing activity across meme and community-driven tokens.
As sentiment shifts in favor of high-volatility assets, PUMP’s price breakout indicates that traders are positioning for further upside and possibly a new all-time high if the current trend persists.
Is PUMP ready for another rally? Let’s find out.
PUMP Eyes Breakout
On the 4-hour chart, PUMP’s Relative Strength Index (RSI) signals a strong bullish trend.
Currently at 62.38, the indicator highlights solid buying pressure as the coin edges toward the overbought region—a classic sign of sustained optimism.
Bulls will likely maintain control as long as RSI holds above the neutral 50 mark, keeping the token’s momentum intact in the coming days.
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The token currently trades at $0.0051, hovering near the 0.382 Fib level.
A clean breakout above this zone could propel the price toward the 0.5 Fib level at $0.0058, marking the next logical target if bullish sentiment remains strong.
However, if selling pressure emerges, PUMP’s price could retrace toward the 0.236 Fib level around $0.0038, which aligns with a critical support zone where buyers might step back in to defend the trend.
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.
