Will PUMP Price Fail 57% Breakout, or Will Smart Money Save The Altcoin?
PUMP price shows mixed signals after a breakout attempt, with smart money accumulating while retail interest sharply declines.Summary
Pump.fun (PUMP) price recently surged, suggesting a potential 57% breakout from a cup and saucer pattern targeting $0.00420, but the rally stalled, creating uncertainty. Smart money investors have shown confidence by accumulating about 48 million tokens, increasing their holdings by 5.8% over the past week, which could stabilize the price.
However, macro momentum is cautionary, as new PUMP addresses plummeted by 74% in 48 hours, indicating fading retail interest crucial for sustaining rallies. For the bullish structure to remain intact, PUMP must hold the $0.00264 support level; reclaiming $0.00278 as support could reignite the breakout.
Conversely, if $0.00264 support fails due to low inflows, PUMP risks sliding toward $0.00242 or potentially lower to $0.00212, invalidating the current bullish thesis.
(Source：BeInCrypto)