The Pump.fun ($PUMP) token has posted a sharp 36% gain this week, currently trading at $0.0068. This significant rally is being reinforced by a clear shift in investor sentiment and strong supporting technical metrics.
Key Indicators Confirm Bullish Momentum
Two major technical indicators signal mounting investor demand and strengthening price action:
- Chaikin Money Flow (CMF) Uptick: The CMF is holding above the zero line, confirming that inflows are consistently outweighing outflows. This indicates solid investor demand and a willingness to allocate fresh capital to $PUMP, building a stable foundation for the rally.
- MACD Bullish Crossover Imminent: The Moving Average Convergence Divergence (MACD) indicator is nearing a bullish crossover. If the MACD line moves above the signal line, it would officially validate the token's price strength and confirm the start of a new, potentially accelerated, bullish phase.
Price Target and Risk Analysis
$PUMP is now approaching a critical resistance level that will determine its near-term trajectory:
- Resistance Target: The immediate focus is on clearing the $0.0077 resistance. A successful breach of this zone is crucial for continuation.
- All-Time High: Breaking $0.0077 would open the path for $PUMP to target its all-time high of $0.0090, attracting significant fresh capital and strengthening bullish sentiment.
- Support Risk: Conversely, if the rally falters, the key support level to watch is $0.0062. A decline below this point would invalidate the current bullish thesis and risk placing the token back under bearish control.
October 2025, Cryptoniteuae