Pump.Fun (PUMP) Surges 20% Off Bullish Crypto Rebound: Here is Why You Should Expect More Upside
- PUMP surged 20% after breaking out of a falling wedge, with RSI and MFI signaling bullish momentum.
- Trading volume spiked 63%, confirming buyers are absorbing sell pressure.
- Institutional spotlight from ARK Invest adds credibility, fueling speculation that PUMP could target $0.0090 soon.
Pump.fun (PUMP), the native token powering Solana’s memecoin launchpad, just delivered a strong 20% rally to $0.0066 after confirming a breakout from a falling wedge formation. The move signals weakening sell pressure and rising conviction among buyers, with traders now eyeing resistance at $0.0077 and possibly fresh highs near $0.0090.
PUMP Breaks Out With Strong Technicals
After weeks of being trapped inside a descending wedge, PUMP finally broke free on the 4-hour chart. Momentum indicators are turning bullish fast: the Money Flow Index (MFI) bounced from oversold levels near 20 and now sits above 71, while the Relative Strength Index (RSI) has climbed to 69 — just shy of overbought territory.
If momentum sustains above the $0.0064 support zone, PUMP’s price structure remains bullish. Key resistance sits at $0.0077, and breaking through could open the door to $0.0090 in the short term.
Trading Volume Confirms Buyer Strength
Price moves without volume can be misleading, but PUMP’s rally is backed by heavy activity. Over the past 24 hours, trading volume surged more than 63% according to CoinMarketCap. Rising volume with rising price confirms buyers are in control, absorbing sell pressure and setting the stage for more upside if momentum holds.
ARK Invest Adds Fundamental Firepower
Adding fuel to the narrative, ARK Invest recently spotlighted Pump.fun in its research. The firm praised the project’s ability to simplify token launches and hinted at its broader ambitions to evolve into a “TikTok of crypto” by layering social and streaming features onto its launchpad.
While ARK stopped short of issuing an investment call, institutional recognition signals that Pump.fun is on the radar of bigger players — and that could magnify interest in PUMP’s token if adoption grows.
PUMP Price Outlook: Bullish With Caution
Technical indicators such as the Parabolic SAR have flipped bullish, with markers positioned below price action. This strengthens the case for continued upward momentum. If the breakout continues, PUMP could first retest $0.0076 before making a push toward $0.0090.
However, traders should watch the downside closely. Failure to sustain momentum could send PUMP back to $0.0048, and in a worst-case scenario, even $0.0035.
The post Pump.Fun (PUMP) Surges 20% Off Bullish Crypto Rebound: Here is Why You Should Expect More Upside first appeared on BlockNews.
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Pump.Fun (PUMP) Surges 20% Off Bullish Crypto Rebound: Here is Why You Should Expect More Upside
- PUMP surged 20% after breaking out of a falling wedge, with RSI and MFI signaling bullish momentum.
- Trading volume spiked 63%, confirming buyers are absorbing sell pressure.
- Institutional spotlight from ARK Invest adds credibility, fueling speculation that PUMP could target $0.0090 soon.
Pump.fun (PUMP), the native token powering Solana’s memecoin launchpad, just delivered a strong 20% rally to $0.0066 after confirming a breakout from a falling wedge formation. The move signals weakening sell pressure and rising conviction among buyers, with traders now eyeing resistance at $0.0077 and possibly fresh highs near $0.0090.
PUMP Breaks Out With Strong Technicals
After weeks of being trapped inside a descending wedge, PUMP finally broke free on the 4-hour chart. Momentum indicators are turning bullish fast: the Money Flow Index (MFI) bounced from oversold levels near 20 and now sits above 71, while the Relative Strength Index (RSI) has climbed to 69 — just shy of overbought territory.
If momentum sustains above the $0.0064 support zone, PUMP’s price structure remains bullish. Key resistance sits at $0.0077, and breaking through could open the door to $0.0090 in the short term.
Trading Volume Confirms Buyer Strength
Price moves without volume can be misleading, but PUMP’s rally is backed by heavy activity. Over the past 24 hours, trading volume surged more than 63% according to CoinMarketCap. Rising volume with rising price confirms buyers are in control, absorbing sell pressure and setting the stage for more upside if momentum holds.
ARK Invest Adds Fundamental Firepower
Adding fuel to the narrative, ARK Invest recently spotlighted Pump.fun in its research. The firm praised the project’s ability to simplify token launches and hinted at its broader ambitions to evolve into a “TikTok of crypto” by layering social and streaming features onto its launchpad.
While ARK stopped short of issuing an investment call, institutional recognition signals that Pump.fun is on the radar of bigger players — and that could magnify interest in PUMP’s token if adoption grows.
PUMP Price Outlook: Bullish With Caution
Technical indicators such as the Parabolic SAR have flipped bullish, with markers positioned below price action. This strengthens the case for continued upward momentum. If the breakout continues, PUMP could first retest $0.0076 before making a push toward $0.0090.
However, traders should watch the downside closely. Failure to sustain momentum could send PUMP back to $0.0048, and in a worst-case scenario, even $0.0035.
The post Pump.Fun (PUMP) Surges 20% Off Bullish Crypto Rebound: Here is Why You Should Expect More Upside first appeared on BlockNews.
Read More