- PUMP has formed double bottom since August, breaking $0.00499 resistance now turned support.
- Key resistance at $0.00677 is the next hurdle after steady climb from $0.00454.
- DMI shows +DI dominance with strong ADX, confirming bullish momentum.
PUMP is currently experiencing the indications of a significant breakout after weeks of silent build-up as it is moving through major resistance levels with increasing momentum. The two bottoms trend that has occurred recently accompanied by the positive technical signals such as the DMI and the ADX are strong signals of the buyers in charge.
Having now turned its gaze toward the $0.00677 resistance, a clean breakout will launch PUMP into the much-awaited $0.01 price target, a full 80% increase since the present level.
PUMP Price Action Builds Toward $0.01 Breakout
The PUMP current trading value sits near $0.00556 after completing a double rounded bottom formation that has been building since mid-August. The token has been rising steadily overcoming the resistance at $0.00499 as a new support level has been established.
The second important test is $0.00677, a major resistance level where PUMP in the past experienced massive rejection. The successful close above this would help prove the continuation of the bullish trend and pave the way to the current target of $0.01.
The breakout has an anticipated growth of close to 80%, and the milestone has little resistance ranges. This is also supported by the DMI where the +DI line is above the -DI line due to the dominance of the buyers with a good ADX indicator.
Any drawbacks to $0.00499 or $0.00454 would probably be quickly consumed, which would support the bullish bias. Thus, the Pump price forecast 2025 is much encouraging with the help of the technical structure, and trend strength.
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