Pump.fun Breakout Imminent: Bulls Eyeing $0.0128 Surge in Coming Sessions

Meme coin momentum builds as Pump.fun tests critical resistance—traders betting big on the breakout play.

Technical Breakout Setup

Price action consolidates below the $0.0128 ceiling—a level that's become the crypto community's latest obsession. Bulls keep loading up, convinced this isn't just another fakeout. Volume patterns suggest accumulation, not distribution.

Market Sentiment Shift

Retail FOMO meets whale interest—classic recipe for a volatility explosion. The 'when, not if' mentality dominates social channels. Even traditional finance guys are watching—though they'll probably call it irrational right before missing the move entirely.

Make or Break Moment

Clear skies above $0.0128 could trigger algorithmic buying waves. But rejection here? That'd sting—another 'almost' story in a space full of them. Either way, someone's about to get paid. Probably not the risk-averse.

• Pump.fun fell by 10% in 24 hours, from $0.007828 to $0.007133 amidst volatility.
• A whale acquired 1.1 billion PUMP tokens for $8 million USDC at $0.0072 per unit.
• Holding $0.007 support could target $0.0098 (Fib 1.618) and $0.0128 (Fib 2.272) resistance levels.

Solana-meme coin launchpad, Pump.fun fell sharply in the past 24 hours. Token erased gains accrued earlier after it fell by 10%. Price fell from an intraday high of $0.007828 and closed at $0.007133, closing the week down after heightened volatility.

Pump.fun’s price dipped 4.43% to $0.00705, and its market capitalization also dipped 4.31% to $2.51 billion. The broader Pump.fun system was also impacted negatively. There are still short-term risks remaining, while the recent bullish trend of the project is yet not entirely wiped out.

Despite recent losses, Pump.fun is still up 142% in the past 30 days. The token is even changing hands just 11.5% below an all-time high of $0.008819, achieved on September 14. 

Major Investor Accumulates 1.1 Billion PUMP

On-chain data revealed a significant whale purchase supporting PUMP’s outlook. A major player utilized $8 million USDC, purchasing up 1.1 billion tokens at $0.0072 apiece. The trade is one of the largest recent PUMP transactions and underscores enduring demand from investors.

A large investor buying shares in Pump.fun signals its upward trend. In the past, these types of stock purchases have led the market sentiment to rise in that they attract positive speculation from small investors.  Analysts believe renewed momentum could emerge if increased liquidity flows accompany whale entries, potentially driving short-term demand and sustaining upward pressure.

Maintaining $0.007 Could Trigger Fibonacci Upside

CryptoPulse noted that PUMP can keep the $0.007 support level. If it does hold, the token may seek Fibonacci goals. Bullish signals are at $0.0098 for Fib 1.618 and a more robust $0.0128 extension for Fib 2.272 resistance targets.

A breakdown of this level could invalidate the bullish formation. Analysts warn of potential breakdown risks, including a squeeze of liquidity forcing prices lower towards $0.005 demand. Investors are skeptical, awaiting sturdier confirmations before concluding whether Pump.fun moves higher or outlines a deeper correction.

The upcoming sessions are crucial. Pump.fun’s support flip on $0.007 might determine its near-term direction. The ecosystem keeps speculative focus while it is subjected to volatile short-term pressures defining its price performance.