Date: Sat, July 26, 2025 | 06:36 PM GMT
The cryptocurrency market is showing signs of upside strength after a recent pullback, with Ethereum (ETH) bouncing over 2% and reclaiming the $3,700 mark. This shift in momentum is spilling into the major memecoins including—Pump.fun (PUMP).
After a difficult week, PUMP is back in the green with a strong 16% gain over the past 24 hours. More importantly, its chart suggests the rally may only be getting started, as a classic bullish breakout pattern has just emerged.
Falling Wedge Breakout
On the 2-hour chart, PUMP had been consolidating within a falling wedge pattern, a formation that often signals the end of a downtrend and the start of a bullish reversal. Recently, it found solid support at the lower boundary of the wedge near $0.0023, before breaking out today by moving past the $0.0028 resistance trendline.
At the time of writing, PUMP is trading near $0.002875, just under its 50-period moving average (50 MA), showing early signs of recovery and upward momentum.
What’s Next for PUMP?
If this breakout holds, a confirmed move above the 50 MA at $0.003059 could open the door for a push toward the next resistance level near $0.0040. Such a move would represent a 38% gain from the current price.
Meanwhile traders should keep in mind that, as with many breakout setups, a retest of the breakout zone could occur before PUMP begins its next major leg higher.
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