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Pump.fun Price Prediction: Whale Activity Could Push the PUMP to New Highs

What to know:

  • Two wallets accumulated 2.15 billion PUMP tokens worth $3.87 million, indicating strong market conviction.
  • The PUMP price is near oversold levels, with the RSI at around 32 and the MACD below zero, signaling fading bearish momentum.
  • All major EMAs (20, 50, 100, 200) remain above the price, confirming ongoing bearish pressure and resistance.

By | Edited By Messam Raza,,

Pump.fun

On-chain data reveals that two wallets, 26nbFG and E9eKo8, accumulated 2.15 billion PUMP tokens worth about $3.87 million in just sixteen hours. The rapid buying activity suggests strong conviction, drawing attention from traders who closely track large wallet movements for early signs of volatility or strategic positioning.

Source: Lookonchain

Notably, this accumulation has fueled speculations about well-rounded traders possibly preparing in advance of a possible catalyst. Large wallet action tends to precede strong price movements; therefore, traders are closely observing the liquidity and transfer actions of PUMP in an attempt to verify strength or short-term risk.

Also Read: Pump.fun Faces Backlash After $436 Million Withdrawal, PUMP Token Plunges

Oversold Levels Signal Potential Relief Bounce

Technically, the price is in a downtrend as the price reaches lower highs and lower lows, ranging from $0.005 to $0.006 down to the current range of $0.0018. The recent price action of the candles presents relentless selling pressure with small recoveries. The price is currently resting on the lower levels of the recent price chart.

Source: TradingView

The momentum indicators also indicate weakness. The RSI is seen at 32, which suggests that the distribution of shares may be slowing down, rather than reversing. The MACD indicator remains below the zero line, but the histogram suggests improvement. It indicates a weakening trend in distribution but no buying activity.

HYPE Key EMAs & Bollinger Bands Signal Caution

The PUMP’s daily chart indicates that it is in a downtrend because all the major EMAs (20, 50, 100, 200) are above the price line and declining, indicating that the bears control the market because of the resistance created by the overhead pressures of sellers.

Source: TradingView

In late December, there has been a strong move below previous support levels, which has led to the price being close to the lower Bollinger Band at $0.00134. The small candles that have formed subsequently indicate that there is a possible consolidation phase, rather than a reversal. For a positive turn, the price must close back above the 20-day EMA of $0.00210.10.

Also Read: Pump.fun’s $436M Withdrawal Sparks Alarm as Memecoin Momentum Fades