• Short-Term Momentum:

    Over the past 24 hours, PUMP gained 5% to $0.0037. On the weekly chart, the token is up 35%, ranking among the best performers within the top 100 cryptocurrencies.

  • Fundamental Driver – Buybacks:

    Despite declining revenue on the Solana-based platform, buybacks by Pump.fun’s founders have fueled the rally. Most recently, $62 million worth of PUMP tokens were repurchased to ease selling pressure.

  • Bullish Scenarios:

    • If PUMP holds above $0.0035, the August 13 swing high at $0.0040 becomes the immediate upside target.

    • A breakout above $0.0040 could open the way toward $0.0046.

    • Surpassing this resistance would put the maximum bullish target at $0.0051 on the radar, though this is seen as the ceiling in the current weak market environment and fading meme-token hype.

  • Bearish Scenarios:

    • A drop below $0.0035 would likely trigger a retest of $0.0032, a level that has repeatedly acted as a pivot in recent weeks.

    • Losing this support risks further downside toward $0.0030.

    • If bulls fail to stabilize there, the correction could extend to the prior week’s low at $0.0026, marking the maximum downside target for now.

Price analysis based on the PUMP/USD pair on Coinbase

 The analysis is based on PUMP/USD trading on Coinbase, with support and resistance zones highlighted by orange blocks, horizontal blue lines, and directional arrows indicating potential bullish (green) and bearish (red) paths, pair on Coinbase

Previously, FORECK.INFO reported on the topic “Memecoin Bubble Pops: Pump.fun Volume Collapses 80%”, highlighting the sharp decline in trading activity on the platform.