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Edition 2026-10-02

CRYPTO

Pump.fun token rebounds toward $0.00584 after testing $0.005383 low

Pump.fun's native token rose to $0.005839 on Oct.

By cryptonews · 20d ago · Source: cryptonews

Full article

Pump.fun's native token rose to $0.005839 on Oct. 1, recovering from an intraday trough of $0.005383 and reclaiming the $0.006 threshold that had capped its September rally. The move followed an 8.5% gain from the session low and placed the token roughly 67% above its mid-September trough near $0.0035. Daily technical indicators showed Aroon Up at 100% and Aroon Down at 0%, suggesting the recent pullback occurred within an otherwise upward structure. TradingView's Binance chart recorded a session high of $0.006097 before the price retreated, leaving the current level about 4.2% below that peak. A separate analysis from trader Crypto With Gopal highlighted a bullish flag pattern on the 1-hour chart, with a conditional target near $0.00740 if the price breaks above $0.00600. That target would represent a 26.7% upside from the current reading. The analyst tied the continuation scenario to buyers reclaiming the upper boundary of the flag's consolidation range between $0.00545 and $0.00600. A breakout above $0.00600 would align with the flag's continuation logic, while a drop below $0.00545 would invalidate the pattern and bring the session low back into focus. Another perspective came from nordin.eth, who annotated a cup-and-handle formation on the daily chart. The post emphasized that the token had spent months building a base before the recent advance, and that a breakout with volume would alter the outlook. The analyst noted that the current price sits well above the Supertrend indicator level of $0.003960, creating a wide gap between the consolidation zone and the indicator reference. CoinGlass's liquidation heatmap revealed a concentration of long liquidations around $0.00587, just above the latest price, with additional bands extending to $0.0059 and $0.0060–$0.0062. Below the market, clusters appeared near $0.00565–$0.00570 and around $0.0054, corresponding with areas of intraday decline and rebound. The recent recovery brought the token toward the nearest overhead cluster without yet clearing the $0.006 resistance identified in the flag analysis. On-chain data from Strata Terminal showed approximately $23.1 million in PUMP buybacks over the prior 30 days, contributing to the cumulative purchase total of about $469.2 million. This activity occurred amid broader monetary context in which the Federal Reserve raised its benchmark rate by 25 basis points to 3.75%–4.00% on Sep. 16, citing elevated inflation. The token's next technical test appears to be the $0.006 boundary, with downside support near the session low of $0.005383 and the lower edge of the flag's range. Disclosure: This article does not represent investment advice. The content is for educational purposes only.

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cryptonews
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high
Published
10/2/2026, 12:30:39 PM
Retrieved
10/2/2026, 12:30:39 PM
Relevance
80%
Confidence
85%
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