Date: Fri, Oct 10, 2025 | 07:30 AM GMT
The cryptocurrency market is seeing a slight pullback following an impressive rally that pushed Bitcoin (BTC) to a new all-time high of $126,000 before cooling near $121,000. Meanwhile, Ethereum (ETH) has slipped to $4,300, adding pressure to several altcoins — including Pump.fun (PUMP).
PUMP is down by over 4% today, extending its weekly decline to 20%. However, beneath this short-term weakness, a potential bullish reversal structure is emerging — a harmonic pattern that could signal a rebound on the horizon.
Potential Harmonic Pattern Signals Upside Move
On the daily chart, PUMP appears to be forming a Gartley harmonic pattern — a technical formation known for identifying reversal zones where price often bounces back after completing its final leg (point D).
The structure began with a sharp drop from X ($0.008975), followed by a retrace to A, a rally to B ($0.007531), and then the current is correction forming the BC leg. The token is currently trading around $0.0054, suggesting it is nearing the completion of BC leg the pattern.
What’s Next for PUMP?
If this Gartley pattern continues to unfold, PUMP may dip slightly further toward $0.005148, aligning with the 0.886 Fibonacci level — a common reversal zone for this pattern.
A rebound from this area, coupled with a reclaim of the 20-day moving average near $0.006071, could confirm the start of a new bullish phase, potentially driving the price toward $0.008143 — about 50% higher than current levels.
However, caution remains key as the harmonic structure is still unconfirmed. Traders should wait for clear signals of stabilization or reversal near the C-point support zone before positioning for upside.
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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