Date: Tue, Aug 12, 2025 | 05:55 AM GMT
The cryptocurrency market is seeing a slight cooldown as Ethereum (ETH) touched $4,349 before pulling back to around $4,275. This short-term retreat is spilling over into several major altcoins — except Pump.fun (PUMP).
PUMP is up over 5% today, extending its weekly rally to 16%. More importantly, its latest price action is flashing a familiar bullish pattern that could hint at its next move
Cup and Handle Pattern in Play?
On the 4-hour chart, PUMP appears to be forming a classic Cup and Handle pattern.
The “cup” began forming in late July, starting with a drop from the $0.003645 area, bottoming near $0.0022, and then recovering in a rounded formation. After reclaiming the $0.003645 zone, PUMP entered the “handle” phase — a short, controlled pullback that likely shook out weaker positions before bulls stepped back in.
Over the past few sessions, PUMP has bounced sharply from the handle’s lower boundary near $0.0029, climbing back to retest a key neckline resistance between $0.0035 and $0.003645.
What’s Next for PUMP?
PUMP is now pressing against this critical neckline zone, with the 50-day moving average hovering just below — adding another layer of technical support. A decisive close above $0.0040 could confirm the Cup and Handle breakout, potentially unlocking a measured move toward $0.005035 — an upside of nearly 39% from current levels.
However, volume will be key. A breakout supported by strong buying pressure could attract momentum traders and accelerate gains. Conversely, rejection at this resistance could send PUMP back to retest the 50-day MA before making another attempt higher.
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