Pump.fun Bulls Gear Up As Chart Setup Points to 50% Rally

Key Insights:

• Pump.fun eyes 50% breakout as Fibonacci setup targets $0.009975.
• Treasury wallets hold over $30 million in reserves for buybacks.
• Elder-Ray Index shows bulls regaining control on the short-term chart.

Pump.fun bulls might have more fuel left in the tank. After bouncing from $0.0063, Pump.fun (PUMP) token is forming a strong setup that could send it soaring 50% to the $0.009975 mark.

On-chain metrics, whale movement, and chart signals are lining up, suggesting a breakout may be near.

PUMP Price Prediction: Fibonacci Points to $0.009975

A trend-based Fibonacci extension on the 15-minute Pump.fun chart shows multiple key levels, with the 2.618 extension target sitting at $0.009975. This aligns with a potential 50% move from the current price of $0.0065.

Previously, Pump.fun bounced off the 0.236 level near $0.0064, showing early buyer interest. If bulls break above the $0.0076 zone (1.0 Fibonacci), a rapid climb toward $0.0085 and then $0.0099 becomes highly probable.

That 2.618 level acts as a magnet when momentum kicks in on meme coin runs.

However, it’s worth noting that the price extensions can get rejected in the 15-minute timeframe. For the PUMP price, this pattern makes sense, as PUMP is a relatively new token with hardly any historical gravity.

Fibonacci levels are popular chart tools that help traders guess where prices might bounce or get stuck. In this case, $0.009975 is a price level many traders may aim for during the next surge.

Also, if Pump.fun fails to break above the $0.0076 resistance and instead drops below $0.0062, the bullish setup would be invalidated. This would suggest that buyers are losing momentum, and the Pump.fun price rally could stall or reverse before hitting the $0.009975 target

Treasury Wallets Are Stacking PUMP

According to multiple sources, including Lookonchain and Mario Nawfal’s Roundtable, Pump.fun’s treasury wallet has been on a buying spree. In the last 8 hours alone, it spent 118,350 SOL (worth $19.26 million) to buy 2.99 billion PUMP at an average price of $0.0064.

Even after that, the wallet still holds $11.48 million (69,420 SOL) in reserves, ready to buy more.

That’s not all; Pump.fun has reportedly prepared over $30.6 million in fee revenue specifically for buybacks.

When treasury wallets buy tokens using platform fees, it reduces the circulating supply. That creates upward price pressure, especially when buyers outweigh sellers. And yes, sellers have been active already.

Whale Just Took 68% Profit, But Others May Still Buy

A major whale just exited Pump.fun with a tidy 68% profit. They bought 1.25 billion PUMP during the public sale using $5 million USDC, then sold at $0.0067 for $8.4 million. But even with this sell-off, the price hasn’t crashed, showing market resilience.

It’s worth noting that this might not be the only PUMP sell-off move, and new moves could surface over the next few weeks.

This means that while one whale is out, there’s still demand soaking up supply. Treasury buys are likely absorbing selling pressure.

Elder-Ray Index Confirms Pump.fun Price Momentum

The Elder-Ray Index, a tool that shows whether bulls or bears are stronger, is currently flashing green on Pump.fun’s 15-minute chart. Bull power is rising while bear pressure is fading, indicating a shift back toward buyers.

However, the bull power isn’t as prominent as a few cycles earlier, showing some weakness.

It compares how strong buyers (bulls) are versus sellers (bears). Green bars mean bulls are in control. Red bars mean bears are gaining ground.

With Fibonacci targets pointing to $0.009975, treasury wallets holding millions in reserves, and whale activity cooling off, Pump.fun looks set for another move higher.

The PUMP price prediction sits at a 50% rally potential if bulls maintain momentum.

If the PUMP price breaks above $0.0076, the road toward $0.0085 and $0.0099 opens wide. As always, short-term traders should watch for resistance at Fibonacci levels and keep an eye on buyback wallet activity.