Date: Tue, Sept 02, 2025 | 05:30 AM GMT
The cryptocurrency market is holding onto its volatility as Bitcoin (BTC) continues to consolidate bar $110,000, while Ethereum (ETH) trades near $4,384 after a todays dip to $4,221. Amid the broader choppiness, altcoins like Pump Fun (PUMP) are showing resilience with strong momentum on the charts.
PUMP is up 11% today, extending its weekly gains to an impressive 34%. More importantly, its chart is now flashing a key harmonic pattern that could signal further upside in the short term.
Harmonic Pattern Hints at Extended Rally
On the 4H chart, PUMP is forming a Bearish ABCD harmonic pattern. Despite the “bearish” label, this structure typically plays out with a strong CD-leg rally before testing the Potential Reversal Zone (PRZ).
The rally began from Point A near $0.002626, before reaching Point B and retracing to Point C around $0.003241, where buyers aggressively stepped in. From there, PUMP surged again and is now trading near $0.003690, confirming that the CD leg is in motion.
If the ABCD structure continues to unfold, the CD leg could extend toward the 2.28 Fibonacci projection of the BC move, which sits around $0.004335 — nearly 18% higher from current levels.
What’s Next for PUMP?
If momentum remains strong, PUMP could test the $0.004335 resistance zone, where traders may look to take profits, sparking a potential short-term pullback. However, before that level is reached, the token could still see minor retracements as buyers and sellers battle around interim support zones.
The next few sessions will be crucial to determine whether PUMP has the strength to extend this rally or if it pauses at resistance.
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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