PUMP Token Eyes Potential 220% Rally as Market Watches Key Demand Zone
The PUMP price has retreated to a critical demand zone following a sharp correction, sparking speculation of a major December rally. Market participants are closely monitoring this setup, fueled by strong on-chain volume metrics and rumors of potential futures market integration.
Technical analysis reveals the token has stabilized at a historically significant high-volume node, where buyers previously accumulated aggressively. This consolidation suggests capitulation is unlikely, with the current price action instead forming a base for renewed bullish momentum.
Two distinct scenarios are emerging for December: either a rapid, explosive rally with minimal consolidation, or a more measured ascent. The market's direction will likely hinge on whether this demand zone can sustain buying pressure as effectively as it did during September's rally.
