PUMP Hits Resistance After 20% Rally — Two Patterns Still Target $0.0045
PUMP token price jumped more than 20% over the past 24 hours and is now pressing into resistance near $0.0031, but the January 13 breakout remains intact and the move looks like consolidation rather than a reversal, BeInCrypto reports. On January 13 PUMP broke out of the handle of a large cup-and-handle pattern, and that breakout projection still points toward roughly $0.0045.
The article says price is still tracking that original path, and a second, smaller cup is forming on a lower timeframe. Momentum signals show the RSI pushing higher even as price slows, which the report interprets as a pause rather than exhaustion. A hidden bearish divergence would be confirmed if the next PUMP candle forms under $0.0031; a similar divergence appeared during the prior consolidation on January 6.
Whale behavior and exchange flows add to the consolidation thesis: large holders cut balances by about 3.6% to roughly 14.37 billion tokens after the rally, and around $900,000 of PUMP moved onto exchanges — moves the article links to profit-taking and short-term selling pressure.
Key levels to watch are a pullback to $0.0028 or $0.0026, which would still fit consolidation; a drop below $0.0023 would weaken the structure, and a move under $0.0022 would invalidate the bullish setup. On the upside, a clean break and hold above $0.0032 would suggest the resistance has been absorbed and both patterns point toward the $0.0045 target.
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