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Key Takeaways:
- PUMP broke key resistance and may target $0.0040–$0.0046 short term.
- Buybacks and trading campaigns are fueling renewed interest.
- Sentiment remains bearish; long-term recovery is still uncertain.
After shedding 67% of its value since launch, Pump.fun’s native token, PUMP, is finally showing signs of a potential comeback. While overall sentiment remains deeply bearish, recent technical signals and community efforts suggest a short-term recovery could be underway.
PUMP Breaks Key Resistance, Validates Support
Following a steep five-wave decline that bottomed at $0.0022, PUMP staged a notable move on July 29. The token broke above a descending resistance trendline and successfully flipped it into support—a key technical development that hints at a possible trend reversal. With this breakout confirmed, analysts are eyeing a relief rally targeting the $0.0040 to $0.0046 range.
Adding weight to this bullish setup, momentum indicators such as the Relative Strength Index (RSI) have turned positive. The RSI is above 50 and has formed a bullish divergence, suggesting improving strength behind the rebound.
Sentiment Still Bearish, But Buybacks Offer Hope
Despite technical signs of life, the broader crypto community remains skeptical. PUMP’s chart has become a meme—its post-launch decline a cautionary tale. Much of the backlash stems from the token plunging below its $0.004 presale price, leaving many investors in the red.
Check out the $pump monthly chart
— 🐧 Pentoshi (@Pentosh1) July 24, 2025
However, Pump.fun is attempting to restore confidence by allocating 100% of its revenue to buying back PUMP tokens. This move caught the attention of prominent trader Machi Big Brother, who opened a sizable long position in response to the aggressive buybacks.
Community Incentives Maintain Engagement
While the long-term outlook is uncertain, several community-driven campaigns are helping sustain attention. Crypto.com’s PUMP trading campaign wraps up on August 1, offering ETH rewards, and ApeXdex is hosting a the coin showdown with a $5,000 prize pool for top trading volume.
Also Read: Pump.fun (PUMP) Plunges: What’s Next for the Meme Coin?
These initiatives, along with the buyback program, could provide the momentum needed to push the coin closer to its short-term targets—though a full bullish reversal remains unconfirmed.
Pump.fun’s PUMP token faces a steep uphill battle, but signs of a rebound are beginning to emerge. With technical breakouts, revenue-driven buybacks, and community incentives fueling renewed interest, the short-term outlook leans bullish—yet caution remains warranted amid lingering bearish sentiment.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
