TL;DR
- PUMP price breaks major support, traders now eye $0.0024 as the next likely target.
- Funds begin offloading tokens after the price dips below the private and public sale entry point.
- Bullish wedge pattern hints at a possible 50% rally if the asset reclaims the upper resistance zone.
Support Break Signals Deeper Slide
Pump.fun (PUMP) has dropped below a key support level at $0.004035. This price point had previously acted as a robust base, with multiple attempts to maintain stability. After failing to hold above this zone on July 22, a brief recovery was attempted, but subsequent rejection ultimately confirmed a bearish trend.
As of the latest updates, PUMP is trading at $0.00371, representing a decline of nearly 15% over the last 24 hours and over 34% in the past week. Alarmingly, it has now fallen below its initial private and public sale price of $0.004.
Recent data from Lookonchain indicates that major funds that entered at this price point have begun to offload significant portions of their holdings. One fund transferred 17 billion tokens to exchanges, while another liquidated its entire allocation of 12.5 billion tokens.
The $PUMP price has dropped below its private/public sale price of $0.004.
“PUMP Top Fund 1” spent 100M $USDC to buy 25B $PUMP at $0.004 in the private sale.
So far, he has deposited 17B $PUMP($89.5M) to exchanges via #FalconX and still hold 8B $PUMP($29.58M).“PUMP Top Fund… pic.twitter.com/xibWUaCOxz
— Lookonchain (@lookonchain) July 22, 2025
Analyst CryptoPatel has pointed towards a potential drop to the $0.0024 level, which is approximately 40% below current trading prices and corresponds with a previous demand area.
Bearish Pressure Builds, Bulls Wait
Notably, this recent breakdown closely resembles the pattern observed from July 14-16, during which the price fell by more than 40%. The current market dynamics suggest that sellers are maintaining control; until PUMP can reclaim the range between $0.004035 and $0.004061, the outlook remains bearish. This range is now serving as a critical resistance zone.
In contrast, analyst Captain Faibik has shared an alternative perspective, indicating a bullish “PO3” pattern fused with a falling wedge on the 1-hour chart. Historically, these technical structures can lead to upward movements when confirmed.
This analysis depicts a transition from accumulation to potential manipulation, with PUMP now positioned near a distribution threshold. Should the wedge break upward, Faibik speculates a price surge of approximately 50% could be on the horizon.
Kraken Airdrop and Token Loss Event
Pump.fun executed a $500 million ICO on July 13, concluding in just 12 minutes; however, some users faced difficulties finalizing their purchases. Kraken has confirmed plans to airdrop PUMP tokens to those affected by the sale.
In a separate incident, a user mistakenly lost 10 million tokens—approximately valued at $75,000—due to a wallet operation error shortly post-launch. Reports suggest these coins were either removed using a default tool or through user error.
The content shared herein reflects market trends and essential developments relevant to PUMP’s trajectory. Readers are encouraged to conduct their own research and exercise caution in the volatile cryptocurrency landscape.
