PUMP has fallen another 20% this week, placing bullish Pump.fun price predictions at risk of invalidation with little support left.
The altcoin now hinges on its all-time low of $0.001985, the last barrier before a dangerous gap zone with little historical buying activity to cushion further downside.
PUMP USD 1-day chart, gap area. Source: TradingView.
Social sentiment does not lean in its favour. Key opinion leaders in the pump fun community have started to sideline the project.
They cite the unending sell-off, silent co-founders, stacking lawsuits and delayed promises like the PUMP airdrop as grounds for eroding trust.
Despite raising $600 million in ICO and the Pump.fun platform printing an average of $1 million in monthly revenue over the past year, no meaningful investment has been made.
Pump.fun platform daily revenue. Source: The Block.
Holders are left grappling with unrealised losses without any hope of real utility or use case to support token value, and efforts like a Pump buyback and burn have been ineffective.
Pump.fun Price Predicition: Is a Recovery Still Possible?
Despite weak sentiment, technicals continue to keep a breakout scenario in play. The falling wedge that has contained PUMP’s consolidation since September has yet to break down.
All-time lows near $0.001985 are holding as a potential launchpad, aligning with the pattern’s lower support.
Particularly as omentum indicators are flash early reversal signals. The RSI has reached the 30 oversold threshold, a typical bottom marker, as selling pressure shows signs of exhaustion
The MACD is beginning to compress its gap below the signal line, pointing to the early stages of a potential momentum shift.
The key breakout threshold sits around historical support at $0.0025, with $0.0035 acting as interim resistance for a sustained breakout push.
If fully realised, the pattern targets a retest of the October highs around $0.0055, a potential 165% move, before opening the door to a broader 335% rally back toward the all-time highs near $0.009.
That outcome, however, likely depends on more active engagement from the project’s co-founders to provide direction beyond short-term speculative trading.
With community conviction weakening, there is an emphasis on fundamentals to prevent a breakdown of the pattern and an invalidation of its bullish case.
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The post Pump.fun Price Prediction: Can the PUMP Price Survive the 20% Weekly Crash, Or Is Another Dump Coming? appeared first on Cryptonews.
