Date: Fri, Oct 17, 2025 | 10:10 AM GMT
The cryptocurrency market is once again facing a wave of volatility as both Bitcoin (BTC) and Ethereum (ETH) recorded 24-hour declines of over 5% today. This weakness has shaken market sentiment, leading to widespread liquidations exceeding $1 billion — with a significant $900 million coming from long positions.
Following this broader market downturn, several altcoins are also under pressure — including Pump.fun (PUMP), which has slipped nearly 15% today. But despite the current bearish momentum, a newly emerging harmonic pattern on PUMP’s chart is quietly suggesting that a bullish reversal could be on the horizon.
Bullish Bat Pattern in Play?
On the daily timeframe, PUMP appears to be forming what looks like a textbook Bullish Bat harmonic pattern — a well-known setup that often signals a potential trend reversal after a period of decline.
The pattern began with an initial drop from Point X around $0.002626, followed by a sharp rally to Point A, a retracement to Point B, another bounce toward Point C, and now, a pullback that has brought PUMP back into the $0.0032–$0.0033 zone.
This area aligns closely with the 1.618 Fibonacci extension level, often referred to as the Potential Reversal Zone (PRZ) — the region where the D point of the Bat pattern typically forms. If this level holds, it could mark the start of a bullish reversal phase.
What’s Next for PUMP?
If PUMP holds the $0.0032–$0.0033 support zone, a relief rebound toward $0.0044 could confirm the start of a recovery phase. The next targets stretch between $0.006766 and $0.008970 — the 0.618 and 1.0 Fibonacci extensions of the AD leg — where Bat patterns typically complete their initial rebound before pausing or consolidating.
However, the bullish outlook depends entirely on PUMP’s ability to maintain stability above the D point.
A decisive breakdown below $0.0032 would invalidate the Bat pattern structure and likely extend the correction further before any reversal attempt resumes.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
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