Pump.fun’s utility token (PUMP) has surged 106.5% from its June low of $0.00115, breaking above a six-month resistance zone and flipping it to support. The bullish structural shift targets $0.00336–$0.00340 next, with analyst Ali Martinez projecting a potential move to $0.0046, representing a 90% gain from current prices. However, sustained buying pressure is needed to defend the $0.0020 area and maintain momentum.
Pump.fun’s token, PUMP, has risen 106.5% from its June 26 low of $0.00115, according to price charts. The rally has flipped a six-month resistance zone into support, confirming a bullish structural shift.
The $0.00225 swing high from early May marked the source of a prior bearish breakdown. That structure was breached when prices climbed above $0.00225, turning the trend bullish.
The Relative Strength Index (RSI) remains above 60, indicating strong upward momentum. However, selling pressure over the past three days and declining volume at the start of the month dragged the Chaikin Money Flow (CMF) below -0.07.
Despite the CMF slump, the structural shift supports a swing trader bias. The next price target is $0.00336–$0.00340, the highs from December 2025 and January 2026.
If the $0.00232 support level holds, analyst Ali Martinez stated that $0.0046 would be the next target, roughly 90% above current prices. In the near term, the $0.00205 level is critical.
A drop below this local support would signal weakening bullish strength on lower timeframes and could trigger a pullback. Sustained buying pressure in both spot and speculative markets is needed to reinforce the bullish bias and demonstrate buyer strength.
