PUMP has formed a double bottom pattern on the daily chart, suggesting strong potential for bullish continuation toward $0.0060–$0.0070.
A total of 10 billion PUMP tokens, worth $34.13 million, are scheduled for release into circulation on September 14, 2025.
The MACD shows a bullish crossover on the 4-hour chart, with RSI at 65.57 and volume exceeding $521 million in recent sessions.
PUMP is back in the spotlight as buyers pile in ahead of a massive 10B token unlock. With price up over 34% this week and volume nearing $290 million, momentum is building fast toward the $0.007 target.
Double Bottom Formation Signals Bullish Setup
The daily chart of PUMP suggests a possible double bottom pattern, with price action bouncing twice from the $0.0025 support level. According to Alphacryptosign on X, PUMP is now moving above short-term moving averages and approaching the neckline between $0.0039 and $0.0040. A breakout above this zone may open a path toward $0.0060–$0.0070.
PUMP’s 9-day EMA and 50-day SMA are closing in on each other, and a bullish crossover here could be the signal bulls are waiting for. Volume levels have remained steady, supporting the idea of growing market participation. However, a break below $0.0033 would invalidate the structure.
Unlock Anticipation Grows as Liquidity Expands
As per data from CryptoRank, 10 billion PUMP tokens worth $34.13 million—around 2.83% of the market cap—will unlock on September 14. This event is a focal point for traders, as unlocks often create volatility due to increased circulating supply.
PUMP has seen a 34.21% increase in the past week, with its market cap rising from under $1.00 billion on August 27 to over $1.30 billion by September 2. The surge indicates that traders are positioning themselves ahead of the unlock.This could introduce short-term selling pressure, but the volume trend suggests a continued influx of demand.
Charts Still Look Strong as Bulls Hold Momentum
On the 4-hour chart, PUMP has climbed past $0.00374, with a bullish MACD crossover giving traders more reason to stay confident. The RSI currently sits at 65.57, nearing overbought levels but still within range for further upside.
Volume on this move has reached $521.55 million, indicating buyers are still active. Should price break above the $0.0042 resistance zone, the next possible leg up could align with the bullish projection line targeting $0.007.
The post PUMP Eyes $0.007 as Bullish Breakout Forms Before Token Unlock Event appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
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OptimusGG
· 10h ago
Evil market makers control the market trend, alts use common tricks, not participating means not getting played for suckers❗
PUMP Eyes $0.007 as Bullish Breakout Forms Before Token Unlock Event
PUMP has formed a double bottom pattern on the daily chart, suggesting strong potential for bullish continuation toward $0.0060–$0.0070.
A total of 10 billion PUMP tokens, worth $34.13 million, are scheduled for release into circulation on September 14, 2025.
The MACD shows a bullish crossover on the 4-hour chart, with RSI at 65.57 and volume exceeding $521 million in recent sessions.
PUMP is back in the spotlight as buyers pile in ahead of a massive 10B token unlock. With price up over 34% this week and volume nearing $290 million, momentum is building fast toward the $0.007 target.
Double Bottom Formation Signals Bullish Setup
The daily chart of PUMP suggests a possible double bottom pattern, with price action bouncing twice from the $0.0025 support level. According to Alphacryptosign on X, PUMP is now moving above short-term moving averages and approaching the neckline between $0.0039 and $0.0040. A breakout above this zone may open a path toward $0.0060–$0.0070.
PUMP’s 9-day EMA and 50-day SMA are closing in on each other, and a bullish crossover here could be the signal bulls are waiting for. Volume levels have remained steady, supporting the idea of growing market participation. However, a break below $0.0033 would invalidate the structure.
Unlock Anticipation Grows as Liquidity Expands
As per data from CryptoRank, 10 billion PUMP tokens worth $34.13 million—around 2.83% of the market cap—will unlock on September 14. This event is a focal point for traders, as unlocks often create volatility due to increased circulating supply.
PUMP has seen a 34.21% increase in the past week, with its market cap rising from under $1.00 billion on August 27 to over $1.30 billion by September 2. The surge indicates that traders are positioning themselves ahead of the unlock.This could introduce short-term selling pressure, but the volume trend suggests a continued influx of demand.
Charts Still Look Strong as Bulls Hold Momentum
On the 4-hour chart, PUMP has climbed past $0.00374, with a bullish MACD crossover giving traders more reason to stay confident. The RSI currently sits at 65.57, nearing overbought levels but still within range for further upside.
Volume on this move has reached $521.55 million, indicating buyers are still active. Should price break above the $0.0042 resistance zone, the next possible leg up could align with the bullish projection line targeting $0.007.
The post PUMP Eyes $0.007 as Bullish Breakout Forms Before Token Unlock Event appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.