PUMP is consolidating between 0.618 and 0.705 Fibonacci levels, forming a decision zone around the $0.0024–$0.0025 support area.
A 10 billion token unlock on August 14 may increase short-term volatility as supply expands by 2.83% of market cap.
Repeated bounces from $0.002487 show strong buyer interest, but resistance at $0.002941 and $0.003554 limits momentum.
PUMP token is at a technical crossroads, consolidating near a critical support zone. As a major token unlock approaches, traders brace for a volatile move that could define the next short-term direction.
Support Holds Amid Price Compression
Between July 26 and July 31, price structure shifted slightly bullish. Higher highs and higher lows suggested strength, but the move lost momentum near $0.003283. Since then, price has pulled back into the $0.0024–$0.0025 support zone—also the 0.618 to 0.705 Fibonacci range—where it currently consolidates.
Multiple lower wicks in this area confirm that buyers are defending the zone aggressively. MACD indicators show convergence just below the zero line, while the histogram reflects weakening momentum. This suggests consolidation could persist until a breakout or breakdown confirms direction.
Token Unlock Set to Test Market Stability
A significant token unlock is scheduled for August 14, 2025, releasing 10 billion PUMP tokens, worth around $28.33 million. While larger caps like Arbitrum and Sui unlock more in dollar terms, PUMP’s release is more impactful relative to its market cap,accounting for 2.83%.
https://twitter.com/CryptoRank_io/status/1951016683306623471
Such unlocks historically bring sell-side pressure, especially if early investors choose to offload their holdings. This one comes at a delicate time when PUMP is trying to form a base and resume its upward path. If demand absorbs supply efficiently, it could fuel a bullish continuation above $0.0035.
Resistance Ahead, But Bulls Not Out Yet
As of August 2, PUMP trades at $0.002670 with a 1.06% gain for the session, according to Bybit spot data. Resistance levels remain firm at $0.002941 and stretch toward $0.003554 and $0.004567, areas where previous rallies stalled. If bulls reclaim $0.0030 with strong volume, a retest of higher levels becomes likely.
Volume remains active, with over 1.4 billion tokens traded during recent sessions. However, red candles near local highs suggest profit-taking is slowing upward momentum. It still reflects a constructive consolidation phase, with technical structure pointing toward an eventual breakout—if support holds through the unlock pressure.
