Date: Mon, Nov 10, 2025 | 05:20 AM GMT
The cryptocurrency market continues to show strong performance as Ethereum (ETH) climbs more than 7 percent today. This market strength is helping several altcoins push higher, including Pump.fun (PUMP).
PUMP has jumped by an impressive 17 percent in the last 24 hours, and more importantly, its technical structure is beginning to show signs of a potential bullish reversal. The latest chart reveals a pattern that could set the stage for a breakout in the sessions ahead.
Descending Channel in Play
On the daily chart, PUMP remains inside a classic descending channel, moving between two parallel downward-sloping trendlines. This structure has guided the token through a steady corrective phase for several weeks.
During the recent decline, PUMP retested the lower boundary of the channel near $0.0032. This level has repeatedly acted as a strong support area, and once again, buyers stepped in aggressively. The resulting bounce has pushed the token back to around $0.00448, bringing it close to the upper boundary of the channel.
This tightening price action at the top end of the structure suggests that momentum is building and pressure is increasing for a possible breakout.
What’s Next for PUMP?
If buyers manage to push PUMP above the channel’s upper trendline and reclaim the 50-day moving average at $0.004829, it would confirm a breakout. In that scenario, the next significant technical target sits near $0.01032, which implies roughly a 130 percent upside from current levels.
Failure to break through the upper boundary would likely keep the token consolidating inside the channel a while longer. In that case, the $0.0034 zone remains the key support area to keep an eye on.
For now, PUMP’s structure appears constructive. The descending channel remains intact, buyers are defending support, and a move above the 50-day MA could be the signal needed for a broader bullish continuation.
Disclaimer: The views and analysis presented in this article are for informational purposes only and reflect the author’s perspective, not financial advice. Technical patterns and indicators discussed are subject to market volatility and may or may not yield the anticipated results. Investors are advised to exercise caution, conduct independent research, and make decisions aligned with their individual risk tolerance.
The opinions and market insights shared on CoinsProbe represent the views of individual authors based on prevailing market conditions at the time of publication. Cryptocurrency investments carry significant risk and volatility. Readers are encouraged to conduct their own research and seek professional financial advice before making investment decisions. CoinsProbe and its contributors do not accept responsibility for financial losses or decisions made based on published content.
CoinsProbe may publish sponsored articles, affiliate links, or promotional collaborations. All sponsored material is clearly labeled to maintain transparency with our audience. Our editorial decisions remain fully independent, and advertising partnerships do not influence reviews, rankings, or published opinions.
Since 2023, CoinsProbe has delivered reliable insights on cryptocurrency, blockchain, and digital assets. Our content is created by experienced researchers and analysts who follow strict editorial standards focused on accuracy, transparency, and credibility. Every article is carefully reviewed and verified using trusted sources and current market data. We provide unbiased analysis and timely updates covering everything from emerging crypto projects to major industry developments.
