Pump.fun (PUMP) Price Surges 35%: Bullish Momentum Signals Potential New High

Getting your Trinity Audio player ready...

• PUMP surged 35% amid renewed investor interest.
  
• RSI, MFI, and Chaikin indicators signal continued buying pressure.
  
• Key targets: $0.0058 short-term, potential $0.0076 in bullish conditions.

Pump.fun (PUMP) has reignited the crypto spotlight this week, posting a sharp 35% gain after a brief consolidation period. The surge signals renewed investor interest and highlights the growing appeal of meme and community-driven tokens. With bullish momentum building, traders are eyeing the possibility of a new all-time high.

PUMP Eyes Strong Breakout

Technical indicators suggest the rally has room to run. On the 4-hour chart, PUMP’s Relative Strength Index (RSI) stands at 62.38, showing solid buying pressure and edging toward overbought territory. Historically, an RSI above 50 reflects sustained optimism, indicating that bulls are likely to maintain control in the short term.

The Money Flow Index (MFI), currently at 56.63, aligns with this bullish setup. A rising MFI confirms that inflows are outweighing outflows, a key sign that traders continue to invest heavily in the token. Combined, these indicators often precede extended upward moves, suggesting PUMP could climb toward $0.0058 if momentum persists.

Key Indicators Signal Investor Confidence

Daily chart analysis reinforces the bullish sentiment. PUMP’s Chaikin Money Flow has turned positive at 0.06, reflecting stronger inflows than outflows and rising investor confidence. The token has also broken above the upper trendline of a falling wedge pattern, positioning it to test resistance at $0.0056.

The Awesome Oscillator adds further weight to the bullish outlook. While still below zero, consecutive green bars indicate improving momentum. A continued uptick in buying volume could push the oscillator into positive territory, signaling a stronger upward phase.

Also Read: Pump.fun Surges to $1.31M Daily Revenue Amid Crypto Market Downturn

Fibonacci retracement levels provide additional clarity. Currently trading near the 0.382 Fib level at $0.0051, a clean breakout could propel PUMP toward the 0.5 Fib target at $0.0058, and in an extremely bullish scenario, the token could approach $0.0076—potentially nearing its all-time high.

Momentum Holds the Key

PUMP’s recent 35% rally demonstrates that investor sentiment for meme tokens is shifting in favor of high-volatility assets. Technical indicators across RSI, MFI, and Chaikin Money Flow point to continued buying interest. While short-term pullbacks remain possible, the overall trend favors further upside. Traders should watch key support at $0.0038 to gauge market resilience as PUMP aims for higher targets.

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.