Rapid growth potential for PUMP token issued by Pump.fun might exceed initial projections.
The PUMP token, associated with Pump.fun, is currently exhibiting technical signs of a potential price surge, thanks to a bullish breakout pattern reminiscent of a "Cup and Handle" formation and other momentum indicators. This cryptocurrency can be traded on Bitget, among other platforms.
Technical Analysis and Chart Patterns
On the 4-hour chart, PUMP/USD displays characteristics of a consolidation pattern, with compressed Bollinger Bands and increasing volume at low price levels, resembling a "coil" indicative of an imminent price surge. A breakout above the resistance level of approximately $0.00267 to $0.00304, confirmed by rising volume and bullish RSI momentum (RSI around 61 or higher), suggests a likely upward price movement towards the $0.0033-$0.0038 range in the near term.
The pattern bears a striking resemblance to a Cup and Handle—where the price forms a rounded bottom (the cup) followed by a smaller consolidation (the handle) before breaking out upwards—consistent with the current breakout from a descending channel and the formation of new support zones.
Indicators such as the MACD bullish cross, rising RSI above 45, and positive Supertrend and DMI signals reinforce the technical bullish outlook.
Price Target and Scenarios
In a bullish scenario, the target range for PUMP by mid-August 2025 is $0.0033 to $0.0038, with potential for further gains if momentum sustains. A neutral scenario includes price consolidation between $0.00234 – $0.00267 before a decisive move. A bearish risk scenario could materialize if the price falls below support at $0.00234, leading to a possible retracement to around $0.0020.
Longer-term outlook remains speculative, but some forecasts suggest gradual appreciation, while others are more bearish. For instance, Bitget forecasts mild increases to ~$0.00277-$0.00283 by late 2025.
Buying Guide on Bitget
Bitget lists PUMP, and recent analyst sentiment indicates a modest uptrend on their platform. To buy PUMP on Bitget, users should:
- Create and verify a Bitget account.
- Deposit funds (USDT or other crypto) into their Bitget wallet.
- Navigate to the PUMP/USDT trading pair.
- Place a limit or market buy order according to their strategy.
Since PUMP is volatile and speculative, it is recommended to watch for a confirmed breakout above the key resistance levels and increased volume to reduce downside risk.
Summary
The PUMP token is in a technically constructive phase, resembling a Cup and Handle pattern, signaling the potential for a near-term rally if it clears key resistance around $0.0030-$0.0033 with volume confirmation. Targets range from $0.0033 to $0.0038 in August 2025. Bitget supports trading of PUMP, allowing investors to participate via their platform following standard procedures. However, risks remain, and bearish scenarios are possible if support zones fail.
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Investors who are interested in technology-based cryptocurrency opportunities may find appeal in the PUMP token, as it currently exhibits strong signs of a potential price surge, supported by various technical indicators. With the token's bullish breakout pattern and other momentum indicators, it might prove to be an exciting investing opportunity in the realm of finance.
