What to know:
- The PUMP price shows bullish momentum, with buyers defending support near $0.00269 and a potential move toward $0.00324.
- Pump.fun generated $10.03 million in weekly fees, marking a 12% increase and its first time surpassing $10 million.
- The protocol repurchased and burned 2.15 billion PUMP tokens worth $5.02 million, adding potential deflationary pressure.
Pump.fun (PUMP) is flashing a bullish setup as momentum strengthens and buyers defend key support. Rising Pump.fun activity, stronger protocol revenue, and ongoing token burns are reinforcing the positive outlook. Sustained trading demand could support further upside, though sentiment remains closely tied to memecoin market conditions.
At the time of writing, PUMP is trading at $0.002808 with a 24-hour trading volume of $157.45 million and a market capitalization of $1.1 billion. Following the 3.62% gainover the last 24 hours, the PUMP price structure and network growth point to a bullish reversal ahead.
Source: CoinMarketCap
Also Read: PUMP Price Prediction: Inverse H&S Breakout Points to $0.0034 Rally
PUMP Price Setup Signals Rally Toward $0.00324
According to the crypto analyst CryptoBoss, PUMP is flashing a bullish technical setup, with Razor Navigator issuing an active buy signal and assigning the pattern an 81% A-score.
Higher-timeframe momentum also remains bullish, supporting a long bias around $0.002690. The setup suggests buyers are gaining control as PUMP trades within a trending market regime showing strong overall health.
Source: CryptoBoss’ X Post
The signal sets the stop loss at $0.002367, meaning that it is very important in supporting the bullish scenario.
If buyers’ momentum is sustained, PUMP can be expected to hit $0.002884 first, then $0.003045, and finally $0.003239. The trade setup has a 72% rating for strong power, suggesting upside.
Pump.fun Revenue Surpasses $10M for First Time
The data from Wu Blockchain further highlighted that the pump.fun network fees amounted to $10.03 million in the period from August 3 to 8, which is an impressive 12% week-over-week growth rate and made pump.fun revenues surpass $10 million.
This is indicative of the revived momentum at the launchpad of memecoins built on Solana, with $2.97 billion in ecosystem transactions volume achieved.
Source: Wu Blockchain’s X Post
Pump.fun, on the other hand, bought back and burnt close to 2.15 billion PUMP tokens worth around $5.02 million in the same period.
The fact that there is an improvement in the fee structure, an increase in trade volumes, and continuous burning of tokens is a sign of increasing momentum. Increasing trade volume could result in future growth in revenues.
What Comes Next?
The PUMP coin can continue to recover in case traders hold above $0.00269 and manage to break above $0.002884 levels.
Such a breakout would allow the price to move towards $0.003045 and $0.003239 and higher income from the pump.fun and token burning can positively impact sentiment. A drop below $0.002367 would signal a failure of the bullish pattern.
Also Read: PUMP Price Holds Key Support as Bullish Retest Could Open Path to $0.0046
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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