rebound<\/strong> in a rounded formation.<\/p>\n\n\n\nAfter returning to the $0.003645<\/strong> zone, PUMP<\/strong> entered the handle<\/strong> phase. This slight consolidation<\/strong> has likely eliminated weaker positions before buyers<\/strong> regained control.<\/p>\n\n\n\n
Source: Tradingview<\/em><\/figcaption><\/figure>\n\n\n\nOutlook to Monitor<\/h2>\n\n\n\n
PUMP<\/strong> is positioned just below the critical neckline<\/strong>, with the 50-day moving average<\/strong> as technical support<\/strong>. A decisive close<\/strong> above $0.0040<\/strong> would confirm the breakout of the “Cup and Handle”<\/strong> pattern. This would open the path to a potential rise<\/strong> towards $0.005035<\/strong>, representing a gain of approximately 39%<\/strong> from current levels.<\/p>\n\n\n\nHowever, volume<\/strong> will be a key element to watch. A breakout supported by strong buying pressure<\/strong> could attract momentum<\/strong>-oriented traders and accelerate gains. Conversely, rejection at this resistance<\/strong> could bring this Token<\/strong> back to test the 50-day moving average<\/strong> before another upward attempt.<\/p>\n\n\n\nWhile the short-term outlook appears favorable, it’s essential to always conduct your own research<\/strong> and analysis<\/strong> before investing in cryptocurrencies<\/strong>. Crypto<\/strong> markets remain volatile<\/strong> and unpredictable<\/strong> in the short term.<\/p>\n\n\n\n\n