Pump.fun token open for another 20% jump after its 30% increase? Analysis ongoing...
In the cryptocurrency market, the Pump.fun [PUMP] token is showing signs of a potential rally, following its recent breakout from a descending range. As of late July 2025, PUMP has broken decisively out of its previous channel, with its price holding above the $0.00300 support level and currently trading near $0.00315, up over 20% from recent lows[1].
This bullish momentum is supported by several technical indicators. The 4-hour Relative Strength Index (RSI) has risen above 60, indicating growing bullish momentum[1]. Moreover, the previous resistance near $0.00304 has shifted into new support, establishing a base for further upside. The near-term target resistance zone is between $0.00326 and $0.00350, which could represent additional gains if the bullish momentum sustains[1].
On the 2-hour timeframe, PUMP has surged 30% and broken out beyond the range high of $0.003 in the past 24 hours, further underscoring strong bullish momentum[2]. The On-Balance Volume (OBV) for PUMP has also made a higher high, indicating strong buying pressure[2].
While the technical outlook suggests a potential rally of around 20%, it's important to consider the token's fundamental challenges. PUMP experienced a sharp initial sell-off after its highly successful Initial Coin Offering (ICO), declining over 46% from its peak shortly after launch, pressured by early selling and lack of current utility features like fee rebates or governance[2][3]. While buybacks have occurred and plans for added utility are announced, these factors still weigh on sustainability.
In conclusion, the current technical analysis indicates a realistic possibility for a near-term 20% rally after the range breakout, supported by momentum indicators and critical support levels. However, the token’s fundamental challenges and previous volatility suggest caution for longer-term projections[1][2][3].
Please note that this article does not constitute financial, investment, trading, or other types of advice. It is always recommended to conduct thorough research and consider seeking the advice of a financial advisor before making any investment decisions.
[1] CoinMarketCap. (2025). Pump.fun [PUMP] Price Chart. Retrieved from https://coinmarketcap.com/currencies/pump-fun/ [2] CoinGecko. (2025). Pump.fun [PUMP] Technical Analysis. Retrieved from https://www.coingecko.com/en/coins/pump-fun/technical-analysis [3] CoinDesk. (2025). Pump.fun [PUMP] ICO Analysis. Retrieved from https://www.coindesk.com/ico/pump-fun/analysis
- The Pump.fun [PUMP] token, an altcoin, is experiencing a potential rally in the cryptocurrency market, surpassing its previous support level and trading near $0.00315 as of late July 2025.
- Ethereum's [ETH] token, the 4-hour Relative Strength Index (RSI) of PUMP, has risen above 60, suggesting growing bullish momentum for the token.
- In the cryptocurrency landscape, PUMP has shown a significant increase of 30% on the 2-hour timeframe, with its price surging beyond the range high of $0.003 in 24 hours.
- When considering investing in PUMP, it's crucial to acknowledge that the token faces fundamental challenges, such as a decline of over 46% from its peak after an initial sell-off due to lack of current utility features.
- The technology-driven finance sector, including cryptocurrencies like Bitcoin [BTC] and altcoins like PUMP, requires careful examination, as price fluctuations can be significant and may impact long-term projections.
