Bitget Breaks Out of Descending Channel Structure

The PUMP breakout has led to a trend reversal in Bitget's price action. This shift comes after a prolonged descending channel structure, where the asset respected lower highs and compressed within declining resistance boundaries.

Price has broken above long-standing resistance levels, marking a change from compression toward expansion. The accelerated movement has confirmed increased participation during the breakout phase.

The momentum indicators, RSI and MACD, reflect strong readings. The RSI is near the 70-75 range, placing it in the overbought region, while the MACD shows a definite bullish crossover with histogram expansion reflecting strengthening directional momentum.