A whale just bought 1 billion $PUMP, the ascending flag pattern indicates a breakout of 70%
The $PUMP coin has recently ignited trading. One whale bought 1 billion tokens at a price of about 0.0072, equivalent to around 7.3 million dollars, and it seems that the chart is heading to form a clear ascending flag. Practically, this combination could pressure the supply, reduce liquidity, and trigger the next surge as momentum shifts.
The price structure remains supportive. The flag formed after a strong rise, followed by a consolidation phase while balances on trading platforms decreased. Net flow data shows a continuous outflow, including about 5.3 million withdrawn on September 20, which reduces the available supply and could amplify the rise when buy orders increase.
Fibonacci extensions set phase targets near 0.0095 and 0.0107, with a level of 0.0120 as an extended target if buyers push the momentum.
The conclusion is clear: the entry of massive capital and the decline in platform inventories often precede range expansion. If the flag is resolved upward with strong trading volume, the expected movement approaches 70%.
Manage risks around the breakout level, let confirmation guide your decision, and avoid chasing peaks.
