Pump.fun (PUMP) Rallies 17% Amid Bullish Technical Indicators

2025-11-10 13:30

Pump.fun (PUMP) has surged 17% in the past 24 hours, reflecting a broader upswing in the cryptocurrency market. The token is showing bullish technical signs, forming a potential reversal pattern within a descending channel. PUMP recently rebounded from support at $0.0032 to $0.00448, nearing the channel's upper boundary. A breakout above the 50-day moving average of $0.004829 could propel PUMP to $0.01032, marking a potential 130% increase. However, if PUMP fails to break through, it may continue consolidating within the channel, with $0.0034 as a critical support level.

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