Date: Sat, Aug 23, 2025 | 07:10 AM GMT
The cryptocurrency market turned bullish after Jerome Powell hinted at potential rate cuts in September during today’s Jackson Hole event. Following the remarks, Ethereum (ETH) surged over 10% to record a new all-time high of $4,878, fueling strong momentum across altcoins, including Pump Fun (PUMP).
PUMP has gained 12% in the past 24 hours, and its chart is now flashing a major bullish signal — a key harmonic pattern suggesting potential upside in the sessions ahead.
Harmonic Pattern Hints at Bullish Continuation
On the daily timeframe, PUMP is forming a Bearish Bat harmonic pattern, which typically signals a strong upside push during the CD leg before any potential reversal near completion.
The structure began near $0.006882 at point X, corrected down to point A, bounced to point B, and then dipped into point C around $0.002652. Since that low, PUMP has rebounded steadily, now trading near $0.003151 and moving along the CD leg toward its projected Point D target zone.
Equally important, PUMP is approaching its 25-day moving average at $0.003214, a resistance level that could act as the trigger for further upside momentum if cleared.
What’s Next for PUMP?
If the harmonic formation completes, the Potential Reversal Zone (PRZ) lies between $0.006355 and $0.006882, aligning with the 0.886 and 1.0 Fibonacci retracement levels. From current prices, this implies a potential rally of up to 118%.
However, to preserve this bullish setup, PUMP must hold its C-point support at $0.002652. A breakdown below that level would invalidate the harmonic structure and weaken the upside case.
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