BTCC
/
BTCC Square
/
Global Cryptocurrency
/
PUMP Token Exhibits Strong Bullish Momentum Amid Ascending Channel Formation
PUMP Token Exhibits Strong Bullish Momentum Amid Ascending Channel Formation
6
2
BTCCSquare news:
PUMP has surged 40% as buy-side pressure dominates its market structure, with the token consistently forming higher highs within a well-defined ascending parallel channel since late August. Technical indicators reinforce the bullish thesis—the Parabolic SAR's positioning below price action confirms sustained demand, while the Smart Money Index hits a two-month peak, signaling accumulation by key holders.
The rally reflects a classic case of sellers being systematically overwhelmed by strategic buyers willing to pay incrementally higher prices. Market participants now watch for a potential breakout above the channel's upper boundary, which could accelerate gains in the NEAR Protocol ecosystem.
By:
