$PUMP surged over 25% in 24 hours, breaking a long-standing downtrend and signaling renewed short-term momentum.
The current price of $0.00314 sits just below resistance at $0.003259, with firm support established at $0.002458.
$PUMP has gained 23.3% against BTC, showing stronger relative performance and increased activity around the breakout zone.
After several days of suppressed momentum, the price of $PUMP has staged a sharp rebound, gaining over 25% in under 24 hours. The token has gained more than 25% in less than 24 hours. As of July 31, 2025, $PUMP/USDT traded at $0.00314. At this value, it is up 15.63% on the day. It follows that the token had been in a consistent downtrend since mid-July. The 4-hour chart depicts a clean breakout upon a downtrend line which could be indicative of a change in the short-term market trend.
Key Price Levels and Current Market Range
Price action is currently staying in the middle of PUMP short-term breakout level of support and resistance. Support levels came in at $0.002458 which held up during the recent collapse. On the other hand, resistance is found at $0.003259, a level revised here and there during the present upswing but not yet tested. Over the last seven days, the token is up 5.1%, suggesting that while the bulk of the gains came recently, momentum has been slowly building.
Source: (X)
Within the 24-hour range, the token has moved swiftly between its intraday low and the mentioned resistance. TradingView data confirms the price currently sits slightly below the $0.00326 resistance level, which has capped upward attempts. Despite the breakout, this level now acts as a ceiling for further gains.
Recent Chart Developments and Technical Shift
The descending trendline that extended from the July 15 high has now been broken. This break happened decisively, with a strong green candle forming just above the trendline resistance.
The 4 -hour chart depicts a decreasing volume in the downtrend and an increase in volume in the breakout point, which coincides with a growth in price.
Source: (X )
Also the coin structure indicates more consolidation at the latter end of the trend which would usually be a precursor of volatility. The recent breakout confirms a shift in short-term sentiment. While the price remains below previous highs, the breakout above the resistance trendline introduces a new market structure.
Current Market Behavior and Relative Performance
In BTC terms, $PUMP is performing notably stronger, gaining 23.3% over the same period. This indicates relative strength even in broader market uncertainty. The recent 24 hours range falls in a narrow range, indicating active response by the market participants to the recent prices.
Some members who were traders earlier might have shifted out, just as they have occasionally questioned, but present trading activity demonstrates a desire to re-engage in the trade. For now, the price remains within a defined structure, just beneath resistance.
