By Km Fazi 
PUMP is approaching an important technical area after maintaining a steady uptrend over the past several weeks. The token is currently trading around $0.00298, with bulls attempting to push the price back toward the $0.00300 level and eventually challenge the resistance zone above it.
At the same time, PUMP has just gone through a significant token unlock, adding another factor traders need to consider before expecting the next leg higher.
PUMP Unlocks 4.85 Billion Tokens Worth $13.6 Million
According to Odaily, monitored by The Data Nerd, PUMP has just completed the unlocking of approximately 4.85 billion tokens, valued at around $13.6 million at the time of the report.
Token unlocks don’t automatically mean that the market will sell off. However, they increase the amount of tokens potentially available to holders, meaning traders will be watching closely to see whether some of the newly unlocked supply enters the market.
For PUMP, the timing is particularly interesting because the unlock comes while the token is sitting near a major technical resistance area.
Technical Structure Remains Bullish
Despite the unlock, PUMP’s broader 4-hour chart still shows a relatively healthy upward structure.
The token has been making a series of higher lows since late July, with price continuing to trade above its 20 EMA at approximately $0.00286 and 50 EMA around $0.00278.
The two moving averages are also supporting the broader trend, while the ascending trendline running underneath recent price action remains intact.
At the time of writing, PUMP is trading near $0.00298, just below the psychological $0.003 level.
The more important question is what happens next.
$0.00310 Is the First Major Test
On the short-term chart, PUMP recently pushed above $0.003 and reached approximately $0.00310–$0.00312 before pulling back.
That area now represents the first major hurdle for buyers.
A clean break above $0.00310, particularly if accompanied by stronger volume, could give bulls enough momentum to target the larger resistance zone between approximately $0.00320 and $0.00340.
That zone is visible on the 4-hour chart and represents the next major supply area.
A successful breakout could therefore change the current consolidation into another continuation move.
What Happens If Buyers Fail?
The bullish setup isn’t guaranteed.
The first area I’d watch on a pullback is around $0.00285–$0.00290. This area sits close to the 20 EMA and has become an important short-term support zone.
If PUMP loses that level and fails to reclaim it, attention would likely shift toward the $0.00275–$0.00280 region, where the 50 EMA and the broader ascending structure provide additional support.
A deeper break below that area would weaken the current bullish structure considerably.
The Token Unlock Is the Wild Card
The biggest thing to watch now isn’t simply whether PUMP can break $0.003.
It’s how the market absorbs the newly unlocked supply.
The 4.85 billion-token unlock represents approximately $13.6 million worth of tokens, but an unlock itself does not tell us how much will actually be sold. If holders retain their tokens, the immediate selling impact could be limited.
On the other hand, if a significant portion of the unlocked supply moves toward exchanges or begins entering the market, it could create additional sell-side pressure exactly when PUMP is approaching resistance.
This makes the next few trading sessions particularly important.
PUMP Price Levels to Watch
Bullish scenario:
A sustained move above $0.00310 could open the door toward:
- $0.00320
- $0.00340
A breakout through the upper resistance zone would strengthen the continuation setup.
Neutral scenario:
PUMP continues consolidating between roughly $0.00285 and $0.00310, allowing the market to absorb the newly unlocked supply before choosing a direction.
Bearish scenario:
A break below $0.00285 could bring $0.00275–$0.00280 back into focus. Losing that zone would be a more significant warning that the current uptrend is losing momentum.
Bottom Line
PUMP is currently at an interesting crossroads.
The technical structure remains bullish, with price above its major short-term moving averages and an ascending trendline still supporting the market. But at the same time, the recently completed 4.85 billion-token unlock, worth approximately $13.6 million, introduces an additional source of potential supply.
For bulls, $0.00310 is the key breakout level. For bears, the first meaningful confirmation would come from a loss of $0.00285, followed by the $0.00275–$0.00280 support area.
In other words, PUMP is still holding its bullish structure — but the market now needs to prove that it can absorb the new supply before the next major move.
This analysis is for informational purposes only and is not financial advice.