Pump.fun [PUMP] prices have managed to clamber back above a six-month supply zone, price charts showed. The memecoin launchpad platform’s utility token is up 106.5% from the $0.00115 low made on the 26th of June.
These steady gains not only flipped a resilient resistance zone to support but also enforced a bullish structural shift.
Here are the next price targets and why one analyst expects the next upward move to be another 90% from current market prices.
The importance of PUMP’s structure flip
The $0.00225 swing high from early May was the source from which a bearish structure break (a drop below $0.00157) occurred. This drop reached a low of $0.00115.
This move represented the bearish swing structure, and this is the structure that was flipped bullishly once the $0.00225 high was breached.
The RSI was firmly above 60 to show strong upward momentum. However, the selling of the past three days and the slowdown in trading volume at the start of the month saw the CMF slump below -0.07.
Despite this slump, the swing trader bias can remain bullish due to the structural shift. The next price target would be $0.00336-$0.00340, the highs made in December 2025 and January 2026.
If the $0.00232 support is defended, $0.0046 would be the next target, analyst Ali Martinez showed in a post on X. This target is 90% higher than the current PUMP market price.
Traders’ call to action- Buy
In the near term, the $0.00205 level would be key. A drop below this local support would signal flagging bullish strength in the lower timeframes and could set up a pullback.
Another factor swing traders and investors will want to see is sustained buying pressure. Strong demand in spot and speculative markets would reinforce the bullish bias and showcase buyer strength.
Final Summary
- PUMP has broken above a resistance zone that has been in place for six months.
- Sustained buying pressure is needed to defend the $0.0020 area and keep the upward momentum going.
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