Pump.fun Bulls Gear Up as Charts Signal a 50% Surge – Here’s Why
- Why Is Pump.fun Poised for a 50% Rally?
- Fibonacci Levels: The Roadmap to $0.009975
- Treasury Wallets Are Hoarding PUMP
- Whales Cash Out, but Demand Persists
- Elder-Ray Index Confirms Bullish Momentum
- FAQ: Pump.fun’s Price Potential
Pump.fun (PUMP) is showing strong bullish signals, with technical analysis pointing to a potential 50% price surge to $0.009975. Key factors driving this Optimism include Fibonacci retracement levels, treasury wallet buybacks worth over $30 million, and a bullish Elder-Ray index. While whales are taking profits, the market remains resilient, suggesting further upside if key resistance levels are breached. ---
Why Is Pump.fun Poised for a 50% Rally?
Pump.fun’s PUMP token is flashing bullish signals across multiple metrics. After bouncing from $0.0063, the token is forming a strong setup that could propel it to $0.009975—a 50% gain from current levels. Here’s what’s fueling the optimism:
- Fibonacci Targets: A 15-minute chart analysis highlights $0.009975 as the 2.618 Fibonacci extension level, a magnet for meme coin rallies. - Treasury Buybacks: Over $30 million in fee revenue is earmarked for buybacks, reducing circulating supply and creating upward pressure. - Whale Activity: Despite a recent 68% profit-taking MOVE by a whale, demand remains robust, with treasury wallets absorbing sell pressure.
Fibonacci Levels: The Roadmap to $0.009975
The 15-minute chart reveals a clear path for PUMP. A breakout above $0.0076 (1.0 Fibonacci) could trigger a rapid ascent to $0.0085 and eventually $0.0099. The token’s lack of historical gravity makes Fibonacci tools especially relevant for traders. However, failure to hold $0.0062 WOULD invalidate the bullish thesis.
Treasury Wallets Are Hoarding PUMP
Lookonchain data shows Pump.fun’s treasury wallet spent 118,350 SOL ($19.26M) to buy 2.99B PUMP at $0.0064—with another $11.48M in reserves. This aggressive accumulation, funded by platform fees, tightens supply and supports higher prices.
Whales Cash Out, but Demand Persists
One whale dumped 1.25B PUMP for an 68% profit ($8.4M), yet prices held steady—a sign of underlying demand. Treasury buybacks are likely cushioning the impact, but more sell-offs could test the rally’s durability.
Elder-Ray Index Confirms Bullish Momentum
The Elder-Ray indicator flipped green on PUMP’s 15-minute chart, signaling bulls are regaining control. While bear pressure is fading, the uptrend lacks the intensity of prior cycles, hinting at potential volatility ahead.
FAQ: Pump.fun’s Price Potential
What’s Pump.fun’s price target?
The 2.618 Fibonacci extension at $0.009975 is the key upside target, representing a 50% surge from current levels.
How are treasury wallets affecting PUMP’s price?
By spending $19.26M to buy PUMP and reserving $30M+ for future buybacks, the treasury is reducing supply and supporting prices.
Is whale selling a concern?
While profit-taking is normal, PUMP’s price resilience suggests strong demand. Treasury buybacks are offsetting sell pressure.
