Will PUMP Price Fail 57% Breakout, or Will Smart Money Save The Altcoin?
- PUMP breakout attempt weakens as retail demand sharply declines
- Smart money accumulation offers partial support amid fading momentum
- Failure above key resistance risks invalidating 57 percent upside target
Pump.fun price surged earlier this week, signaling a potential breakout and renewed bullish momentum. The rally briefly suggested a sustained upside move for PUMP.
However, a subsequent pullback has introduced uncertainty, as mixed holder behavior now clouds the outlook and raises doubts about whether the breakout can be sustained.
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PUMP Holders Exhibit Mixed Behavior
Market sentiment remains divided, though smart money activity offers some support. Smart money refers to capital controlled by experienced investors, institutional participants, venture firms, and influential whale wallets. These entities often shape price direction through strategic accumulation during periods of uncertainty.
In the case of PUMP, smart money wallets added roughly 48 million tokens over the past week. This increased their total holdings by 5.8%. Such accumulation suggests confidence in higher prices ahead. Continued buying from these players could help stabilize PUMP and prevent a deeper decline.
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Despite smart money accumulation, macro momentum presents a cautionary signal. Network data shows a sharp decline in new PUMP addresses.
Over a 48-hour period, new wallet creation fell from 8,570 to 2,201, marking a 74% drop in participation.
This decline signals fading retail interest and reduced inflows of fresh capital. New holders play a critical role in sustaining rallies, especially for emerging altcoins.
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Without renewed demand from new participants, maintaining price strength becomes increasingly difficult, even with whale support.
Could PUMP Price Succeed In Its Breakout?
PUMP price recently broke out of a cup and saucer pattern, a formation typically associated with bullish continuation. The breakout projected a 57% upside move from $0.00264, targeting $0.00420.
However, the price failed to follow through, signaling hesitation among buyers.
Mixed signals suggest PUMP may continue consolidating above the $0.00264 support level. Holding this zone would keep the bullish structure intact.
A successful reclaim of the $0.00278 resistance as support could reignite momentum and revive the breakout rally.
Conversely, fading inflows increase downside risk. If $0.00264 fails to hold, PUMP could slide toward the $0.00242 support. Further weakness would invalidate the bullish thesis.
Under sustained selling pressure, the price could extend losses toward $0.00212, confirming a breakdown.
Disclaimer
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