PUMP Breaks Out and Targets $0.0060 as Bulls Charge In Despite Market Dip

PUMP broke out of its short-term trendline, signaling reduced seller pressure and potential upside momentum.

Holding above the $0.0053–$0.0054 range favors bullish continuation .

A confirmed breakout above $0.0060 could push PUMP toward $0.0065–$0.0070.

After a massive 66.8% monthly surge, $PUMP is flashing bullish signals despite a -2.48% daily dip and -6.65% weekly decline, trading at $0.005413, the token looks ready for a fresh move toward the $0.0060 resistance zone.

Breakout Signals Shift in Momentum

According to Alpha Crypto Signal, PUMP recently broke above a short-term descending trendline, a level that previously acted as resistance for several weeks. The breakout was followed by a volume spike, suggesting rising buying pressure.

PUMP is currently sitting just below the 9 EMA and slightly above the 50 SMA.The price is showing movement between $0.0050 and $0.0060.If it holds above the $0.0053–$0.0054 zone it could breakout above $0.0060 and spark fresh momentum and push prices higher.

Bullish Continuation or Breakdown

The current price action is forming a bullish flag. A common pattern after a breakout from a downtrend.PUMP could retest previous highs at $0.0065 and potentially stretch toward $0.0070.

However, downside risk remains. If the price loses the key $0.0050 support, the setup would be invalidated. A breakdown here could open the door for a retest of previous lows near $0.0047 or worse.

Volume continues to trend higher than in previous consolidation periods, showing that market interest hasn't faded. This sustained activity often signals accumulation, especially after a trendline breakout.

Fundamentals Support the Technicals

Beyond charts, PUMP’s fundamentals also add weight to its recent price action. As reported by BeInCrypto, Pump.fun has been among the top-performing memecoin launchpads in recent months. August alone saw multiple $2 million+ daily revenue spikes, placing Pump.fun consistently among the top DeFi revenue generators per DeFiLlama data.

Despite controversy over low-moderation token launches, Pump.fun's volume and traction remain strong. It ranks 4th in DeFi revenue this month, outperforming several more highly valued platforms.

While investors remain cautious due to future buyback uncertainties and team trust, Pump.fun's historical consistency in revenue adds support to the ongoing bullish thesis.

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