Pump fun Price Analysis: PUMP Surges 37% in a Week, Eyes $0.0041 Resistance

Pump.fun (PUMP) has staged an impressive rally, soaring 12.41% in the past 24 hours and nearly 37% over the past week. The token is now trading around $0.003796, boasting a market cap of $1.34 billion. Supporting this surge is a massive jump in trading activity, with 24-hour volume climbing 78.52% to $291.51 million.

After finding intraday support near $0.003258 and hitting a daily high of $0.003839, PUMP is attempting to build momentum above crucial technical levels. With memecoin traders turning their eyes toward Pump.fun, the question remains can this rally continue?

Pump.fun Price Analysis

The recent surge is fueled by two major catalysts. First, aggressive buybacks exceeding $1 million per day since August 6 have tightened circulating supply. Second, Pump.fun has cemented its dominance in the Solana memecoin launch market, capturing an impressive 62% revenue share since August 4. Together, these drivers reinforce PUMP’s status as a cornerstone in the memecoin ecosystem.

From a technical perspective, PUMP has broken above both its 7-day SMA at $0.0033 and the 23.6% Fibonacci retracement level at $0.00379. This bullish breakout is confirmed by an RSI reading of 65.76, showing strong momentum without yet signaling overbought conditions. Traders have seized on this move, propelling the token closer to the next resistance at $0.0041—a level last tested on July 19.

However, momentum may be cooling slightly. The MACD convergence at -0.00006 suggests that PUMP could pause before making another leg higher. If the price fails to break $0.0041, support is expected around $0.0033. On the flip side, a successful breakout above resistance could open the door to the $0.00451 level, where bullish momentum may accelerate further.

Market Outlook

With strong buyback activity, market dominance on Solana, and surging trading volume, Pump.fun remains in a favorable position for continued growth. While traders should watch closely for resistance at $0.0041, the bullish structure suggests that PUMP could be gearing up for another strong move potentially pushing toward $0.00451 in the near term.

For now, PUMP’s latest rally signals that the token is far from slowing down, and the memecoin community is watching closely to see whether it can extend its breakout.