Pump.fun (PUMP) has delivered a standout move this week, rallying roughly 34.6% after last Sunday’s price dip — a sharp contrast to Bitcoin’s modest 1.94% gain over the same period. While the broader crypto market has struggled over the past two weeks, PUMP buyers defended a key local support and pushed the token notably higher. Why this move matters - Momentum: On the 4-hour chart, trading volume over the past two days has generally been at or above the 20-period moving average, supporting the price advance. - Relative strength: On the daily timeframe, PUMP broke a bullish structure in mid-January and has shown resilience since, consolidating above $0.00225 for the last three weeks even as much of the market recorded losses. - Whale activity: The rally appears to be supported by notable accumulation from larger holders, helping PUMP hold higher lows since mid-December. Key technical levels and signals - Short-term swing targets: If momentum continues, PUMP’s next obvious resistance levels are the previous swing high around $0.0034 and the 61.8% extension near $0.0037. A daily close above $0.0034 would increase the odds of a sustained push toward $0.0045 and beyond. - Fib and retracement context: The latest leg up started from roughly $0.0023 — just above the 78.6% retracement — and respected Fibonacci levels plotted against the rally to $0.0031. - On-chain/volume indicators: On the 4-hour frame the OBV (on-balance volume) has been rising, the CMF (Chaikin Money Flow) was approaching +0.05, and RSI moved into overbought territory — all signals consistent with an extension toward $0.0034–$0.0037. - Caution flags: On the daily chart, OBV has been largely sideways over about ten days of consolidation and CMF briefly dipped below -0.05. These suggest volume-driven conviction has room to improve; failure to reclaim $0.0034 or renewed weakness in Bitcoin could blunt the rally. Macro risk factors - Bitcoin correlation: A sustained decline in BTC — particularly a drop below the $80,600 weekly low from mid-November — would increase the likelihood of weakening demand for PUMP and broader altcoin pressure. - Volume dependency: Bulls need to restore the kind of buying volume seen at the start of the year to maintain the current breakout thesis. Bottom line PUMP has outperformed during a generally weak market by holding critical support levels, drawing on whale accumulation and improving short-term volume metrics. The path toward $0.0034 (and potentially $0.0037–$0.0045) is clear if buying pressure continues, but traders should watch Bitcoin’s price action and volume indicators for signs of a real, sustainable breakout. Source: PUMP/USDT on TradingView Disclaimer: This article is for informational purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency trading involves high risk; do your own research before making any investment decisions. © 2026 AMBCrypto Read more AI-generated news on: undefined/news

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