Pump.fun Surges 30% as Bullish Momentum Resumes Above $0.003

Pump.fun's [PUMP] token has surged nearly 30% in the past 24 hours, breaking above a key short-term resistance level at $0.003 [1]. This rally follows a volatile correction that saw the token plummet by 66.58% from its July 15 peak of $0.00689 to $0.0023 within ten days [1]. A week of consolidation followed, during which the price showed neutral momentum with no strong accumulation from buyers. However, on July 31, a breakout past $0.003 was observed, signaling renewed bullish sentiment [1].

The broader cryptocurrency market has also seen upward movement. Bitcoin [BTC] rebounded from a $115.8K support level on July 30, while Ethereum [ETH] rose 1.47% after retesting its $3.7K local support [1]. These developments have contributed to a more optimistic market environment, raising expectations that PUMP could see an additional 20% rally in the near term [1].

On the 2-hour timeframe, PUMP demonstrated a favorable bullish market structure. A trading range formed between $0.00245 and $0.003 over the past week, but the token broke through this range after a 30% surge. A retest of the $0.0029–$0.003 demand zone is currently underway, which could offer a strategic entry point for traders focused on short-term momentum [1]. Technical indicators such as On-Balance Volume (OBV) and Relative Strength Index (RSI) are reinforcing this bullish case, with OBV forming a higher high and RSI indicating strong upward momentum [1].

Looking ahead, analysts have identified the $0.0036 and $0.00378 levels as potential near-term price targets for PUMP [1]. However, it is crucial to note that these price projections are based on technical analysis and short-term momentum rather than any fundamental improvements in the project’s value proposition [1]. As such, the current rally is largely speculative, and the sustainability of further gains will depend on broader market conditions.

The Pump.fun token is not operating in isolation. The broader meme coin market continues to experience significant volatility, with tokens like ZORA on the Base network seeing an 83% increase over the past week [2]. Additionally, recent listings on platforms like Robinhood have sparked price jumps in other meme-inspired tokens, such as MOODENG and MEW, which saw 20–30% gains following their listings [3]. These developments highlight the influence of market sentiment and retail-driven speculation in shaping the short-term price action of meme coins.

While the immediate outlook for PUMP appears positive, investors are advised to approach the asset with caution. The Pump.fun token remains highly volatile, and any further gains should be viewed as speculative. Continuous monitoring of volume and momentum indicators is recommended to assess the likelihood of a sustained 20% rally [1].

Source: [1] Pump.fun token – Another 20% surge to follow its 30% rally? Assessing… (https://ambcrypto.com/pump-fun-token-another-20-surge-to-follow-its-30-rally-assessing/)

[2] Zora pushes Base ahead of Solana's Pump.fun and LetsBonk (https://www.mitrade.com/au/insights/news/live-news/article-3-998470-20250730)

[3] Moodeng Fear and Greed Index | Multiple Timeframes (https://cfgi.io/moodeng-fear-greed-index/)