PUMP Price Analysis Hints At Second Breakout Attempt To $0.0045

Pump.fun token price jumped over 20% over the past 24 hours, a sharp move that stands out. Over the past month, the PUMP price has been up more than 60%. But zoom out further, and the trend still looks weak, with the token down roughly 37% over the past three months.

That contrast matters. This rally is not happening in a strong uptrend. It is happening inside a broader downtrend. That raises an important question. Is this move topping out, or is price simply hitting a wall before the next leg higher? The charts suggest the second option deserves serious attention.

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The First Breakout Still Points Higher

The current rally did not come out of nowhere. On January 13, PUMP broke out of the handle of a large cup-and-handle pattern. This pattern forms when price rounds out a base, pauses, then breaks higher.

When that handle broke, the breakout projection pointed toward the $0.0045 area. That target has not changed. Even after the recent rally, the price is still moving in line with that original path.

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The key point is simple. The breakout structure remains valid. Nothing in the recent move has broken it. Price is still behaving the way a post-breakout asset typically behaves. Plus, another cup is under formation, per the chart.

What has changed is speed. The PUMP price moved quickly into resistance, and that is where the wall appears.

A Second Cup Forms As Momentum Hints At Consolidation

After the January breakout, the PUMP price did not collapse. Instead, it started forming a smaller cup structure on a lower timeframe. This is important.

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The first cup had a downward-sloping neckline. The current formation shows an upward-sloping neckline. That difference matters. An upward-sloping neckline usually signals improving demand, even if price pauses.

Right now, price is pressing into resistance near the top of that smaller structure. That is the wall. When price runs into resistance after a sharp move, it often pauses, not because buyers are gone, but because sellers finally show up.

To see whether that energy is building or leaking, momentum indicators help. The Relative Strength Index, or RSI, helps measure momentum. During the current move, RSI seems to be pushing higher even as the price begins to slow.

A hidden bearish divergence would confirm (price making a lower high and RSI forming a higher high) if the next PUMP price candle forms under $0.0031. Also, a similar hidden bearish divergence was observed when the last handle consolidation began on January 6.

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Flows Signal Consolidation, Not PUMP Price Reversal

At the same time, whale behavior supports that view. Large holders reduced their balances by about 3.6%, bringing total whale holdings down to roughly 14.37 billion tokens. That selling happened after the rally, not before it.

This matters because whale selling after a surge usually signals profit-taking, not panic. It often leads to sideways movement rather than a full trend break. Another sign of consolidation.

Exchange flow data tells a similar story. After steady outflows over the past two days, PUMP saw a sudden shift to net inflows, around $900,000 moving onto exchanges. When coins move onto exchanges after a rally, it usually reflects short-term selling pressure. That lines up with the idea of consolidation and whale behavior.

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Now the levels become critical.

A pullback toward $0.0028 or even $0.0026 would still fit cleanly within the consolidation range. A drop below $0.0023 would weaken the structure. A move under $0.0022 would invalidate the bullish setup entirely.

On the upside, the key level to watch is near $0.0032. A clean break and hold above that area would signal that the wall has been absorbed. If that happens, both the original cup-and-handle breakout and the newer cup formation point toward the same target near $0.0045.

That alignment is rare. Two separate patterns pointing to the same level usually strengthen the case, not weaken it.

For now, the PUMP price has slammed into resistance at $0.0031.

But everything around that wall suggests pressure is building, not fading. If the consolidation holds, the PUMP bounce that follows could be stronger than the prior move.