Date: Thu, Aug 14, 2025 | 03:58 PM GMT
The cryptocurrency market is experiencing a pullback following the latest U.S. Producer Price Index (PPI) data release, which triggered a wave of selling pressure. Ethereum (ETH) has cooled from its intraday high above $4,700 to around $4,600, dragging several altcoins lower — including Pump Fun (PUMP).
PUMP is down 6% on the day, trimming its weekly gains to about 4%. While the short-term momentum appears soft, the technical structure hints that the recent dip could be a healthy retest before a larger bullish move.
Retesting the Cup and Handle Breakout
On the 4-hour chart, PUMP has formed a textbook Cup and Handle pattern — a well-known bullish continuation formation that often precedes strong upside surges.
After carving out the rounded “cup” and shorter “handle,” PUMP broke above its neckline resistance near $0.003645. That breakout fueled a sharp rally toward $0.004173 before sellers stepped in to lock in profits.
Today’s pullback has brought PUMP back to retest the breakout zone — now overlapping with the 50-period moving average — around $0.003480–$0.003645. This area represents a critical confluence of support, and so far, buyers appear to be defending it.
What’s Next for PUMP?
If the neckline retest holds and buyers regain control, PUMP could be poised for a push back toward $0.004173, with an extended target near $0.005035 — representing a potential 39% upside from current levels.
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