$PUMP Surges 106% From June Lows Amid Bullish Reversal
Pump.fun's utility token, $PUMP, has been on a tear, surging 106.5% from its June lows of $0.00115. This bounce has not only flipped a long-standing resistance zone into support but also marked a bullish structural shift in the market.
The token's price charts show that it has managed to reclaim ground above a six-month supply zone, with the RSI firmly above 60 indicating strong upward momentum. However, the slowdown in trading volume and selling pressure over the past few days have caused the CMF to slump below -0.07.
Despite this, analyst Ali Martinez believes that the structural shift is still bullish, pointing to potential price targets of $0.00336-$0.00340, which are the highs made in December 2025 and January 2026. Alternatively, if the $0.00232 support is defended, a more ambitious target of $0.0046 could be reached, representing a 90% increase from current market prices.