PUMP trades in a defined accumulation-manipulation-distribution cycle with tight price ranges.
MACD shows a minor bullish crossover; RSI remains below neutral but off oversold levels.
A 24% projected move aligns with current structure if price escapes resistance at $0.04706.
After a prolonged decline, PUMP/USDT has now entered a consolidation phase marked by clear structural zones on the 1-hour chart. Recent price movement displays a defined cycle that began with heavy selling, transitioned into accumulation, and entered a manipulation range. The latest candles indicate price action is now approaching a potential distribution phase. As of reporting time, PUMP trades at $0.04573 with a 7-day gain of 9.0%. Price action remains tightly bound between support at $0.04204 and resistance at $0.04706.
Structure Reveals Accumulation and Distribution Zones
Throughout the current downtrend, PUMP displayed defined behavior in three distinct zones. The chart shows a clear accumulation box that lasted multiple sessions, with price stabilizing just above the trendline support. This accumulation was later followed by manipulation candles marked by deeper wicks and reduced range movement.
https://twitter.com/CryptoFaibik/status/1947893829732020475
During this phase, price formed tight ranges below the resistance zone but failed to break lower with volume. Now, price is shifting again, forming a short-term distribution structure. This shift corresponds with the descending trendline, which has acted as dynamic resistance throughout the chart.
Technical Indicators Show Mild Recovery Signals
Momentum indicators are starting to reflect subtle changes in direction. The 1-hour RSI currently stands at 41.75, moving just below the neutral 50 line. This level, however, marks a minor rebound from oversold territory observed earlier. The RSI also printed a local high at 42.51 before retracing slightly.
Source: TradingView
The MACD (12, 26) value exhibits a limp bullish intersection where the signal line is still below zero at -0.000059. Though momentum remains soft, the change may align with structural breakout attempts should volume confirm.
Price Range Narrows Around Key Resistance
Price is now consolidating below the short-term resistance at $0.04706. With support forming at $0.04204, the pair’s range is narrowing. This price compression comes after a 7-day increase of 9.0%, suggesting reduced volatility but increasing pressure.
At this point, the chart projects a measured move of roughly 24% from the current accumulation and manipulation zones combined. Traders are watching this level for any significant breakout or further price behavior within this defined range.
