Pump.fun (PUMP) is exhibiting a bullish pattern on the 4-hour chart, indicating a potential breakout. After a 27% correction last week, PUMP is forming a Falling Wedge pattern, typically a reversal signal. The price recently rebounded from support at $0.004841 to $0.005124, nearing the wedge resistance. A breakout above this resistance and the 200 MA at $0.0052776 could propel PUMP towards $0.0076. However, failure to break out might lead to a retest of the support level.
Pump.fun (PUMP) Eyes Bullish Breakout Amid Market Recovery
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