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Pump.fun eyes 20% rally if PUMP price breaks THIS hurdle

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PUMP flashes bullish reversal as volume and trader positioning signal potential breakout toward $0.0024.

Posted: February 28, 2026 Avatar

By: Chandan Gupta Journalist Edited By: Jacob Thomas Pump.fun (PUMP) eyes 20% rally after bullish reversal signal

Chandan Gupta Journalist Edited By: Jacob Thomas Posted: February 28, 2026 Share this article

Pump.fun [PUMP] is flashing a reversal signal as broader markets turn green. This suggests a major rally could be on the horizon.

According to CoinMarketCap data, the asset has climbed more than 6.50% in the past 24 hours, drawing significant attention from traders. In addition, CoinMarket reports that PUMP’s 24‑hour trading volume has risen 11.52% to $135 million.

This surge highlights heightened participation from both traders and investors. Rising volume alongside price further indicates that market participants are actively engaged with the ongoing trend.

PUMP price action and key levels

According to AMBCrypto’s technical analysis, PUMP appears bullish on the four-hour chart, as it has successfully tested the key support level of $0.00166. Notably, this support has been holding since December 2025.

In addition, the asset is currently approaching a major resistance level formed by a descending trendline that has been in place since the 15th of February 2026.

Source: TradingView

Based on the historical chart and recent price action, if PUMP breaks out of its trendline and closes a four‑hour candle above $0.00197, it could rally by about 20% toward $0.0024 in the coming days. If the breakout fails, however, a reversal remains likely, as seen in past attempts.

At press time, ADX, a momentum indicator that measures trend strength, stood at 21.95, below the key threshold of 25. This indicates a lack of directional strength in the asset.

Besides the price action, a crypto expert shared a post on X, noting that PUMP has formed a bullish reversal pattern and is poised to rise higher in the coming days.

In the chart, the expert hinted that PUMP has the potential to reach the $0.0033 level in the near term.

Derivative tool flashing bullish signal

Looking at the market structure, intraday traders appear to be strongly aligned with the current trend, heavily favoring long positions.

Data from CoinGlass reveals that traders are placing significant bets at $0.00172 on the lower side (support) and $0.00197 on the upper side (resistance). At these levels, they have built $4.30 million worth of long-leveraged positions compared to $905,000 worth of short-leveraged positions.

This positioning indicates that bulls are currently dominating and suggests that traders believe PUMP is unlikely to fall below the $0.00172 level in the near term.

Source: Coinglass

At the same time, long-term investors also appear to be accumulating. CoinGlass’s spot inflow/outflow data shows that over the past 24 hours, more than $1.73 million worth of tokens has flowed out of exchanges. This is often interpreted as a sign of accumulation.

Altogether, these metrics reinforce the bullish outlook and highlight growing dominance from buyers.

Source: CoinGlass

Final Summary

PUMP is poised for a 20% price uptick, which could be possible if the asset clears the descending trendline.
The activity of both short- and long-term traders and investors appears bullish, as they are strongly betting on long positions.

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Chandan Gupta

Chandan Gupta is is a seasoned crypto analyst with over four years of experience in market research and trading. He specializes in simplifying complex on-chain data to uncover the strategies of crypto whales and major market participants. Alongside on-chain analysis, he breaks down price charts and liquidity movements to deliver clear, actionable insights. More Articles