PUMP Charts Hint at Strong Comeback Toward $0.00232

Key Insights:

• PUMP price shows bearish momentum, with $0.00232 marked as critical support for short-term stability.
• Supertrend resistance at $0.00399 keeps trend negative while RSI signals neutral-to-bearish market momentum.
• Liquidations balanced between long and short, suggesting indecision as open interest climbs despite lower volume.

Pump.fun (PUMP) traded near $0.00277 on Tuesday with daily volume around $245.6 million. The token has slipped 1% in the last 24 hours and is down 4% over the past week. Charts and on-chain data show price action compressing as traders watch key levels.

The 4-hour chart shared by Ali shows PUMP moving near $0.00280 after repeated failures to stay above resistance at $0.00320. The structure continues to trace lower highs and lower lows, reflecting ongoing selling pressure.

Ali noted,

The projection on his chart outlines short bounces followed by renewed declines, with $0.00232 marked as the next important support. This level has held as a floor in previous trading, making it a critical point for buyers.

Indicators Show Neutral-to-Bearish Momentum

The daily chart places the Supertrend resistance line above current price at $0.00399, keeping the broader trend negative until broken.

The Relative Strength Index (RSI) sits at 42.83, below its average of 45.73. This reading suggests sellers are in control, but the token has not reached oversold territory. That leaves room for either additional losses or a short-term rebound.

Liquidations Remain Balanced

Data from Coinglass shows long liquidations totaling $124.52K and short liquidations at $135.65K in recent sessions. The balance between both sides indicates a market waiting for direction.

The liquidation history shows PUMP sliding since mid-June, with the price holding in a low band between $0.10 and $0.15. Liquidations spiked in July, mostly wiping out long positions during sharp corrections. Since then, volumes have cooled, though steady pockets of both long and short liquidations remain.

Reported trading volume fell 2% to $524.9 million, while open interest increased 0.4% to $374.9 million. The mix suggests traders are still adding positions even as participation slows.

The $0.00260–$0.00270 range is now viewed as key support. Holding above it could keep the price stable, but a break lower risks a slide back toward $0.00232. On the upside, reclaiming $0.00320 and clearing $0.00399 would be needed to restore a bullish trend.