Why PUMP’s sustained rally may be around the corner
The post Why PUMP’s sustained rally may be around the corner appeared on BitcoinEthereumNews.com.
Pump.fun [PUMP] has rallied 34.6% after Sunday’s price dip. By comparison, Bitcoin [BTC] was up only 1.94%. Bitcoin and the rest of the crypto market have been in a slump over the past two weeks, while PUMP bulls managed to defend a key local support. Source: PUMP/USDT on TradingView On the 1-day chart, PUMP saw a bullish structure break in mid-January. Aided by whale accumulation, it has shown relative strength over the past three weeks, consolidating above the $0.00225 price level while the rest of the crypto market posted losses. Since mid-December, PUMP has made higher lows. This meant it is highly likely to advance at least as high as the previous swing high at $0.0034. A daily session close above this level would be a sign of an impending, sustained rally toward $0.0045 and higher. The momentum was there, but the volume trends were lackluster. The OBV has only moved sideways over the past ten days of consolidation, while the CMF briefly slipped below -0.05. This shouldn’t worry the bulls too much, so long as the Pump.fun token buying volume regains the kind of strength it had at the start of the year. The bearish case for PUMP Demand might continue to weaken, as PUMP’s prices failed to reach the $0.0034 resistance from December. It would become even more likely if Bitcoin continues its descent and loses the $80,600 weekly low from mid-November. Until these circumstances play out, PUMP is expected to continue its push toward $0.0034 and possibly higher. Traders’ call to action- Stay bullish Source: PUMP/USDT on TradingView Using the 4-hour timeframe, it was observed that PUMP has respected the key Fibonacci retracement levels plotted based on the rally to $0.0031. The latest move began at $0.0023, just above the 78.6% retracement level. During the past two…
Filed under: News - @ January 27, 2026 11:28 pm