Pump.fun (PUMP) is sustaining its bullish trajectory even as broader market sentiment remains uncertain. The token advanced by 1.39% over the past 24 hours and posted a remarkable 69.89% gain over the last week.
At press time, the token is trading at $0.008157 with a market capitalization of $2.88 billion, up 1.48%. Daily trading volume, however, fell by 11.18% to $1.12 billion, showing some cooling activity.
Despite reduced volume, the consistent upward movement positions the token as one of the stronger-performing assets in its category. Investors remain cautious, as technical patterns suggest both opportunities and risks in the short term.
Also Read: PUMP Price Outlook: Bullish Strength Pushes Price Toward $0.0065
One of the most striking developments comes from whale investor AA21BS. He had faced a $3.4 million unrealized loss when PUMP dipped. Instead of exiting, he doubled down, allocating $1 million USDC during the public sale for 250 million tokens, followed by a $5.16 million purchase of 962.38 million tokens at an average cost of $0.005363.
This strategy paid off as the rally lifted his holdings. Over the past five days, he sold 1 billion PUMP for $8.25 million at an average of $0.008225, locking in significant profits. He still holds 208.83 million tokens, valued at $1.77 million. This calculated move not only erased earlier losses but also positioned PUMP among the most successful participants in the latest surge.
On the hourly chart, PUMP is trading at $0.008129, slightly under the 20-period SMA at $0.00832. The Bollinger Bands have narrowed, signaling a potential breakout after consolidation. Price remains above support at $0.00795, aligning with the lower band, suggesting resilience despite weak momentum.
Resistance is at $0.00832, then at $0.00850, and the upper band is at $0.00870. A breakout through here could pave the way to the $0.009000 target. A failure to gain momentum could bring on a pullback to $0.00800-$0.00795 and even $0.00780-$0.00760 if the selling pressure is mounting.
Momentum indicators show a cautious picture. The Relative Strength Index is now at 44.55 from 55.24 earlier, indicating fading bullish strength and a tilt towards selling pressure. The rise will be restrictive unless RSI surges above 50.
The MACD is responsible for this caution as well, and it registers a bearish crossover. With the MACD line at 0.00004 below the signal line at 0.00009 and a negative histogram at -0.00005, downward pressure is present. A return to positive levels would be required to verify a return to a bullish trend.
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