The post Pump.fun (PUMP) eyes 20% rally after bullish reversal signal appeared on BitcoinEthereumNews.com.

Journalist Posted: February 28, 2026 Pump.fun [PUMP] is flashing a reversal signal as broader markets turn green. This suggests a major rally could be on the horizon.  According to CoinMarketCap data, the asset has climbed more than 6.50% in the past 24 hours, drawing significant attention from traders. In addition, CoinMarket reports that PUMP’s 24‑hour trading volume has risen 11.52% to $135 million.  This surge highlights heightened participation from both traders and investors. Rising volume alongside price further indicates that market participants are actively engaged with the ongoing trend. PUMP price action and key levels According to AMBCrypto’s technical analysis, PUMP appears bullish on the four-hour chart, as it has successfully tested the key support level of $0.00166. Notably, this support has been holding since December 2025. In addition, the asset is currently approaching a major resistance level formed by a descending trendline that has been in place since the 15th of  February 2026. Source: TradingView Based on the historical chart and recent price action, if PUMP breaks out of its trendline and closes a four‑hour candle above $0.00197, it could rally by about 20% toward $0.0024 in the coming days. If the breakout fails, however, a reversal remains likely, as seen in past attempts. At press time, ADX, a momentum indicator that measures trend strength, stood at 21.95, below the key threshold of 25. This indicates a lack of directional strength in the asset. Besides the price action, a crypto expert shared a post on X, noting that PUMP has formed a bullish reversal pattern and is poised to rise higher in the coming days. In the chart, the expert hinted that PUMP has the potential to reach the $0.0033 level in the near term. Derivative tool flashing bullish signal Looking at the market structure, intraday traders appear to…

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Filed under: News - @ February 28, 2026 12:10 am