Pump.fun (PUMP) Charts Bullish Reversal Signals as Rounding Bottom Formation Emerges

Pump.fun (PUMP) is currently tracing a rounding bottom pattern on its technical chart, a classic formation that often precedes substantial price recovery in crypto markets. Over the past 24 hours alone, the token has climbed 9.13%, signaling renewed buying interest after a challenging period. Looking at the broader timeframe, PUMP has delivered a 5.52% weekly gain, though it remains down 7.10% over the past month.

Technical Resistance Levels to Watch

For traders monitoring PUMP’s potential breakout, two critical price thresholds remain in focus. The immediate resistance sits at $0.03396, with the 50-day moving average positioned at $0.002675 serving as an additional technical barrier. A decisive move above these levels would constitute a bullish reversal confirmation, potentially triggering a more sustained uptrend for the token.

What the Rounding Bottom Pattern Signals

The rounding bottom formation currently visible on PUMP’s chart suggests market consolidation followed by accumulation phase, a setup that typically precedes directional moves. The 24-hour surge combined with weekly gains indicates that buyers may be stepping in at lower price levels, a precursor to potential bullish momentum.

Key Takeaway

Should Pump.fun break through these identified resistance zones, it could validate the bullish reversal thesis and potentially attract fresh momentum into the token. Traders are watching closely for confirmation of this technical pattern, as it historically offers valuable insight into near-term price direction.