Pump.fun (PUMP) To Rise Higher? This Potential Bullish Pattern Formation Suggest So!

Key Takeaways

• PUMP is forming a double bottom pattern on the daily chart near $0.001680.
• Buyers have defended the $0.001680 support zone twice, signaling weakening selling pressure.
• The 50-day moving average at $0.002346 is the key level for bullish confirmation.
• A breakout above the $0.003357 neckline could validate the reversal setup.
• A breakdown below $0.001680 would invalidate the bullish structure.

Pump.fun’s $PUMP token has posted over a 3% gain over the past 24 hours, bucking recent volatility across the memecoin narrative.

The move comes shortly after blockchain investigator ZachXBT published a high-profile exposé on alleged insider trading at Axiom Exchange. While Pump.fun briefly appeared in early speculation circles and prediction markets, the investigation ultimately focused elsewhere — leaving PUMP free from direct allegations.

With that uncertainty fading, attention is shifting back to the chart — and technically, things are starting to look constructive.

Technical Pattern Hint at Upside Momentum

On the daily timeframe, PUMP appears to be forming a double bottom pattern, a classic bullish reversal structure that often develops after extended downtrends.

Here’s how the setup is unfolding:

• The first bottom formed as price dropped into the $0.001680 support zone, where buyers stepped in aggressively.
• That rebound carried PUMP toward the neckline resistance near $0.003357, where sellers rejected the rally.
• Price then rolled over and returned to the same $0.001680 region.
• Once again, buyers defended the level — forming the second bottom.

This repeated defense of $0.001680 is technically significant. It signals that selling pressure is weakening while demand continues to build at lower levels.

PUMP is currently trading near $0.0019, showing early signs of stabilization after the retest.

What’s Next for PUMP?

For this bullish structure to gain real credibility, PUMP needs to reclaim the 50-day moving average near $0.002346. A sustained move above this level would signal a clear shift in short-term momentum and significantly improve the chances of a recovery rally.

If buyers manage to drive price back toward the $0.003357 neckline zone, that area will act as the next major test. A decisive breakout above this resistance — ideally followed by a successful retest to confirm it as new support — would validate the double bottom pattern and potentially pave the way for a stronger upside move in the coming weeks.

On the downside, the $0.001680 support zone remains the most critical level to monitor. A breakdown below this area would invalidate the bullish setup and likely expose PUMP to another leg lower or an extended period of consolidation.