Pump.fun (PUMP) has been cooling off during the past 3 days, yet the broader structure on the chart suggests the story may not be finished. Price action shows that PUMP had already recorded more than an 80% rise before the recent pullback, which makes the current pause look more like a breather than a breakdown. That slow but upward move that began toward the end of December is still visible when the chart is viewed as a whole.
Early price behavior matters here. PUMP spent weeks drifting lower before finding a base near the $0.0020 area. From that zone, price began forming higher lows, followed by a gradual push upward. The recent decline has not erased that structure, which is why this cooling phase is drawing attention rather than concern.
Pump.fun Price Analysis Shows A Shift After Long Term Downtrend Break
A closer look at the daily chart highlights a major technical shift. Pump.fun price recently moved above a long-term descending trendline that had capped upside attempts for months. That break often changes how a market behaves, since former resistance can start acting as support.
According to Crypto Patel, this break places PUMP inside what he describes as a bullish expansion zone. His analysis points to a completed distribution and correction phase, followed by early reversal signals. That interpretation lines up with the chart, where price stopped making lower lows and began stabilizing above the $0.0020 level.
The attached chart also shows a descending wedge structure that resolved to the upside. That pattern often appears near the end of corrective phases, especially when volume starts to improve and downside momentum fades.
PUMP Price Holds Key Demand Zone That Supports Bullish Structure
One of the most important areas on the chart sits between $0.0020 and $0.0022. That zone has acted as a strong demand region, with multiple tests that failed to push price decisively lower. Each successful hold adds weight to the idea of accumulation rather than distribution.
Crypto Patel emphasizes that PUMP price remaining above $0.0020 keeps the bullish bias intact. The chart supports this view, since price has reclaimed support levels that previously acted as resistance. Those reclaims often signal that buyers are willing to step in earlier than before.
When projecting forward, the chart highlights several technical levels that stand out. Crypto Patel outlines upside zones around $0.00872, $0.015, and $0.026. From current levels, those targets imply a potential 500% to 1000% move if momentum continues building.
That potential does not come without risk, which is why the invalidation point matters. A daily close below $0.0020 would weaken the bullish structure and challenge the current PUMP price prediction. Until that happens, the chart continues to favor higher levels over time.