PUMP token of Pump.fun might experience a quicker surge than anticipated.
The PUMP token, a popular cryptocurrency, is currently exhibiting a cup-and-handle pattern on its price chart. This technical setup, known for its reliability, suggests a potential upward breakout if confirmed, leading to accelerated gains.
Understanding the Cup-and-Handle Pattern
The cup phase, which began late July, saw a drop from the $0.003645 area to a low near $0.0022. This rounded consolidation phase, known as the 'cup', shows accumulation by investors. The handle, a smaller pullback or sideways range after the cup, represents a final shakeout before a breakout. Confirmation occurs when the price closes above the handle’s resistance on above-average volume.
Key Levels to Watch
Two key levels are crucial in this context. The first is the resistance near $0.0040. Breaking this level would validate the pattern and open the way for accelerated gains. On the other hand, the lower bound of the cup shape defines crucial support; a breakdown below here would invalidate the bullish setup.
Buying Guide on Bitget
For traders on Bitget, a leading cryptocurrency exchange, the guide is as follows: Look for a buy entry at or just above $0.0040 after a confirmed breakout candle closes above that level with strong volume. Use stop-loss orders below the handle’s low or cup’s support to manage downside risk. Monitor on-chain whale accumulation and exchange supply data where possible to spot sustained interest. Combine this technical setup with overall market conditions, as broader crypto trends can impact PUMP’s move.
Context in the Crypto Market
The cup-and-handle pattern is gaining attention across the crypto assets in 2025 as a signal of bullish momentum. Examples like XRP and total market cap show similar formations that preceded sizable rallies. Whale activity, arbitrage, and institutional interest are also important factors that can drive price beyond technical targets. Given that Bitget offers access to PUMP trading, confirm liquidity and volume levels there to ensure smooth execution.
In summary, PUMP’s cup-and-handle structure signals a potentially explosive move if it breaks $0.0040 on good volume. Traders on Bitget should prepare to buy at the breakout, manage risk tightly, and watch for market conditions that support continuation. It's essential to conduct your own research and analysis before investing in cryptocurrencies.
*Please note that this article is for informational purposes only and should not be considered financial advice.
[1] Source: CoinMarketCap (https://coinmarketcap.com/) [2] Source: TradingView (https://www.tradingview.com/) [3] Source: Glassnode (https://glassnode.com/) [4] Source: Bitget (https://www.bitget.com/)
Investing in PUMP could be a profitable decision if the cup-and-handle pattern leads to an upward breakout, as suggested by its technical setup. The breakout could occur when the price closes above $0.0040 on above-average volume, which is a significant level to watch for traders on Bitget, a leading cryptocurrency exchange.
