PUMP has fallen another 20% this week, placing bullish Pump.fun price predictions at risk of invalidation with little support left.
The altcoin now hinges on its all-time low of $0.001985, the last barrier before a dangerous gap zone with little historical buying activity to cushion further downside.
Social sentiment does not lean in its favour. Key opinion leaders in the pump fun community have started to sideline the project.
They cite the unending sell-off, silent co-founders, stacking lawsuits and delayed promises like the PUMP airdrop as grounds for eroding trust.
Despite raising $600 million in ICO and the Pump.fun platform printing an average of $1 million in monthly revenue over the past year, no meaningful investment has been made.
Holders are left grappling with unrealised losses without any hope of real utility or use case to support token value, and efforts like a Pump buyback and burn have been ineffective.
Pump.fun Price Predicition: Is a Recovery Still Possible?
Despite weak sentiment, technicals continue to keep a breakout scenario in play. The falling wedge that has contained PUMP’s consolidation since September has yet to break down.
All-time lows near $0.001985 are holding as a potential launchpad, aligning with the pattern’s lower support.
Particularly as omentum indicators are flash early reversal signals. The RSI has reached the 30 oversold threshold, a typical bottom marker, as selling pressure shows signs of exhaustion
The MACD is beginning to compress its gap below the signal line, pointing to the early stages of a potential momentum shift.
The key breakout threshold sits around historical support at $0.0025, with $0.0035 acting as interim resistance for a sustained breakout push.
If fully realised, the pattern targets a retest of the October highs around $0.0055, a potential 165% move, before opening the door to a broader 335% rally back toward the all-time highs near $0.009.
That outcome, however, likely depends on more active engagement from the project’s co-founders to provide direction beyond short-term speculative trading.
With community conviction weakening, there is an emphasis on fundamentals to prevent a breakdown of the pattern and an invalidation of its bullish case.
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The post Pump.fun Price Prediction: Can the PUMP Price Survive the 20% Weekly Crash, Or Is Another Dump Coming? appeared first on Cryptonews.
