$PUMP is cooling off after a powerful weekly breakout.
Months of base-building formed a rounding bottom, followed by a sharp expansion over the past few weeks. Now the market is retracing into the structure.
The boxed zone is the key area on my chart.
If $PUMP retests it and holds as support, the breakout structure stays intact and the retracement could become an interesting spot to watch.
$EIGEN is currently sitting around $0.199–$0.200, where horizontal support meets the rising trendline.
That makes this zone important:
→ Support: ~$0.198–$0.200 → EMA 5: ~$0.2025 → SMA 50: ~$0.2107
If this support continues to hold and $BTC volatility remains controlled, a reclaim of the short-term averages could open the door for a stronger recovery toward the $0.210–$0.220 area.
But the key is simple: support must hold.
A clean breakdown below the trendline would weaken the setup and invalidate the bullish structure.