Pump.fun Targets 50% Rally as Treasury Wallets Buy 2.99 Billion Tokens

Pump.fun bulls are gearing up for a potential 50% rally, with key chart setups and on-chain metrics aligning to suggest a breakout. The token, which recently bounced from $0.0063, is forming a strong setup that could propel it to the $0.009975 mark.

A trend-based Fibonacci extension on the 15-minute Pump.fun chart indicates multiple key levels, with the 2.618 extension target sitting at $0.009975. This aligns with a potential 50% move from the current price of $0.0065. Previously, Pump.fun bounced off the 0.236 level near $0.0064, showing early buyer interest. If bulls break above the $0.0076 zone, a rapid climb toward $0.0085 and then $0.0099 becomes highly probable. However, if Pump.fun fails to break above the $0.0076 resistance and instead drops below $0.0062, the bullish setup would be invalidated, suggesting that buyers are losing momentum.

Treasury wallets have been actively buying Pump.fun tokens. In the last 8 hours alone, the treasury wallet spent 118,350 SOL (worth $19.26 million) to buy 2.99 billion PUMP at an average price of $0.0064. Even after that, the wallet still holds $11.48 million in reserves, ready to buy more. Additionally, Pump.fun has prepared over $30.6 million in fee revenue specifically for buybacks. When treasury wallets buy tokens using platform fees, it reduces the circulating supply, creating upward price pressure, especially when buyers outweigh sellers.

A major whale recently exited Pump.fun with a 68% profit, buying 1.25 billion PUMP during the public sale using $5 million USDC, then selling at $0.0067 for $8.4 million. Despite this sell-off, the price hasn’t crashed, showing market resilience. This indicates that while one whale is out, there’s still demand soaking up supply, and treasury buys are likely absorbing selling pressure.

The Elder-Ray Index, a tool that shows whether bulls or bears are stronger, is currently flashing green on Pump.fun’s 15-minute chart. Bull power is rising while bear pressure is fading, indicating a shift back toward buyers. However, the bull power isn’t as prominent as a few cycles earlier, showing some weakness. This index compares how strong buyers are versus sellers, with green bars meaning bulls are in control and red bars meaning bears are gaining ground.

With Fibonacci targets pointing to $0.009975, treasury wallets holding millions in reserves, and whale activity cooling off, Pump.fun looks set for another move higher. The PUMP price prediction sits at a 50% rally potential if bulls maintain momentum. If the PUMP price breaks above $0.0076, the road toward $0.0085 and $0.0099 opens wide. Short-term traders should watch for resistance at Fibonacci levels and keep an eye on buyback wallet activity.