Pump.fun price just wrapped up a pretty eventful October. The price spent most of the month recovering from the big drop earlier in the year and finally showed some momentum again.
It climbed back from around $0.0038 and even put in a strong 30% move during the last week of October, helped by a large whale who scooped up over $16M worth of tokens and moved a huge tranche off Binance.
At the same time, the Padre acquisition brought more attention to the ecosystem, expanding Pump.fun beyond Solana, though the compensation airdrop added a bit of supply pressure, too.
It all leaves PUMP heading into November with a stronger structure and a little more confidence behind the chart than we saw a few weeks ago.
What the PUMP Chart Is Showing
Right now, the chart still looks constructive on the 4-hour timeframe. PUMP price keeps forming higher lows, which means buyers step in each time price dips. That’s a healthy sign.
The recent push toward $0.0059 hit resistance at the same area that stopped price earlier in the month, so this is a level everyone is watching. If PUMP can break that wall cleanly, the next leg of the trend could begin quickly.
Market Indicators
RSI cooled off from the edge of overbought territory and sits in a nice neutral spot, enough room for a new rally without stretching things.
Open interest is still elevated, showing traders remain active, and net longs continue to hold slightly above shorts.
MACD is still positive and hugging above the signal line, which tells us the recent dip hasn’t broken momentum. As long as Pump.Fun price keeps defending the support area near $0.0043, the overall trend keeps pushing upward.
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PUMP Price Short-Term Outlook for November
November is shaping up to be a test of conviction. Whale accumulation and ecosystem expansion are definitely bullish signals. But the $154M in buybacks not lifting the price much also reminds everyone that sentiment matters just as much as fundamentals in memecoins.
If buyers finally push above $0.0059 with strong volume, Pump.Fun price could target the $0.0065 to $0.0075 zone next. That would take it back into a zone where the breakdown began.
If price gets rejected again, though, we likely see more sideways consolidation while the market waits for the next spark.
The good news is that the structure looks better now than it did in early October. The chart, for the first time in weeks, shows a path where bulls can take control if they follow through on this momentum.
The bottom line is simple. PUMP price has the setup for growth in November, but the break above resistance is what will make the difference between a slow month and a strong rally.
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