PUMP Surged 30% — Is a 7% Correction Coming Next?
[ ](//Pump.fun)$PUMP has gained more than 30% over the past three days, showing strong bullish momentum.
However, PUMP is now entering a major resistance cluster consisting of:
Heavy Resistance Zone: ($0.0051-$0.0068)
Cumulative Short Liquidation Leverage: ($0.0051-$0.00537)
After such a strong rally, this area could attract increased selling pressure.
I expect PUMP to potentially experience a short-term correction of at least 7% from this resistance structure.
The key level to watch is $0.00557.
If PUMP achieves a confirmed breakout and holds above $0.00557 with strong momentum, the bearish scenario would weaken and the probability of further upside could increase significantly.
For now, the reaction inside the current resistance cluster will determine whether the recent rally can continue or whether a deeper pullback develops first.
What comes first for PUMP?
🟢 Break and hold above $0.00557
🔴 7%+ correction from resistance
#pumpfun
[ ](//Pump.fun)$PUMP has gained more than 30% over the past three days, showing strong bullish momentum.
However, PUMP is now entering a major resistance cluster consisting of:
Heavy Resistance Zone: ($0.0051-$0.0068)
Cumulative Short Liquidation Leverage: ($0.0051-$0.00537)
After such a strong rally, this area could attract increased selling pressure.
I expect PUMP to potentially experience a short-term correction of at least 7% from this resistance structure.
The key level to watch is $0.00557.
If PUMP achieves a confirmed breakout and holds above $0.00557 with strong momentum, the bearish scenario would weaken and the probability of further upside could increase significantly.
For now, the reaction inside the current resistance cluster will determine whether the recent rally can continue or whether a deeper pullback develops first.
What comes first for PUMP?
🟢 Break and hold above $0.00557
🔴 7%+ correction from resistance
#pumpfun