Pump.fun (PUMP) price is consolidating within a bullish pennant as buyers defend key support, keeping the breakout setup for the PUMP price intact. Meanwhile, Pump.fun has expanded its multichain reach by adding HyperEVM token trading, allowing users to access assets across ecosystems directly through its platform.
At the time of writing, PUMP is trading at $0.004909 with a 24-hour trading volume of $379.79 million and a market capitalization of $1.94 billion. Following the 3.26% gain over the last 24 hours, the PUMP price structure and network expansion point to a bullish reversal ahead.
Source: CoinMarketCap
Also Read: Pump.fun Price Prediction: PUMP Price Eyes $0.023 After Major Breakout
PUMP Price Targets $0.0078 After Breakout Setup
According to the crypto analyst Crypto With Gopal, the PUMP price is consolidating around the $0.0045 support after a strong breakout, forming a textbook bullish pennant on the chart.
The tightening range suggests sellers are struggling to reverse the recent advance, while buyers continue defending key support. If PUMP holds this level, the setup could provide a foundation for another potential expansion move higher.
Source: Crypto With Gopal’s X Post
An important breakout above the upper trendline of the pennant formation could confirm continuation of the existing trend and create opportunities for further advance for the PUMP price towards $0.0078.
Increased levels of activity in the market will add significance to the breakout pattern, signaling the presence of interest. Failure to retain support at $0.0045 could undermine the formation.
Pump.fun Adds HyperEVM Token Trading to Its App
The data from Wu Blockchain further highlighted that Pump.fun has moved out of its native Solana ecosystem by providing full functionality for HyperEVM token swapping.
Now you can swap any HyperEVM token for USDC right from the Pump.fun application. The addition brings Pump.fun closer to its multi-chain objectives and makes the use of other trading platforms unnecessary.
Source: Wu Blockchain’s X Post
With this expansion comes the addition of 0.1% trading fees for all HyperEVM trades. Solana trades, however, will continue to be exempt from any kind of trading fees.
The 0.1% rate is levied for other markets such as Robinhood, BNB, and Base. With the inclusion of HyperEVM, this meme coin-centric exchange is looking to become more of a crypto trading exchange.
What Happens Next?
PUMP price should continue to concentrate around the support level of $0.0045 and the bullish pennant’s resistance.
Breaking out of the pattern, accompanied by an increase in trading volume, would make it easier for PUMP to head towards the target of $0.0078. Moreover, the adoption of HyperEVM technology is expected to give a boost to the Pump.fun network.
Also Read: Pump.fun Expands Beyond Solana With HyperEVM Token Trading
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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