Pump.fun might be warming up for something big. The chart shows PUMP price once again pressing against that familiar trendline resistance, and this time, it actually looks like the breakout could stick. If it happens, we could be looking at the start of a major rally for PUMP.
Mr. APE, known for spotting early momentum shifts, said there are “big moves brewing” around PUMP. One whale reportedly opened a $3 million long position, and another might be preparing to drop a staggering $300 million into the token.
On top of that, the team itself bought back nearly 10% of the total supply, a bold signal of confidence that the project isn’t slowing down anytime soon.
The Next Move Could Set the Trend for PUMP
On the daily chart, PUMP has been trading under a descending trendline for most of October, forming a textbook setup for a potential breakout.
Every test of this trendline has been rejected so far, but the latest move looks stronger, momentum is clearly shifting.
PUMP price is now hovering around the $0.004 zone, where it’s once again challenging that resistance. If it manages to close decisively above it, the next targets line up around $0.007 to $0.009, the same levels where the last reversal attempt failed.
From there, $0.012 to $0.013 could come into play, which was the top during the September spike. The setup looks like a classic reversal pattern, steady accumulation at the lows, repeated pressure at resistance, and growing buying volume. If the breakout happens, it could snowball quickly.
Read Also: 3 Reasons Pump.fun (PUMP) Price Could Be Ready for a Comeback
Whales and Buybacks Are Powering PUMP Toward Its $5B Goal
The timing couldn’t be more interesting. Between the rumored whale activity and the team’s buyback, confidence is clearly rising across the board. A buyback that takes out roughly 10% of supply is a rare move in this space, it shows strong belief in the token’s future, not just short-term price action.
Meanwhile, community chatter about a possible $5 billion market cap keeps the excitement alive. Whether that target is realistic or not, it’s adding serious energy to the narrative. If the rumored $300 million entry actually lands, it could act as rocket fuel for PUMP price next leg up.
For now, everything depends on that trendline. A clean breakout could trigger an explosive move and put PUMP back on everyone’s radar. With whales entering, buybacks rolling, and the community buzzing, it feels like the calm before the storm.
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