PUMP: Successful Breakout Above $0.00225–$0.00230 Resistance Floor – Retest Retest Confirms High-RR Bullish Expansion


PUMP has flashed a sharp bullish trend confirmation signal, officially shattering a key resistance cluster to unlock higher price targets. The daily market structure is firmly established by a sequential series of higher highs and higher lows. Price action surging decisively above the dynamic MA100 trendline confirms that buyers have completely reclaimed market control from the bears.


Based on the visual data from the daily chart , the technical turning point occurred on August 4th when an aggressive bullish candle cleanly penetrated the $0.00225–$0.00230 resistance zone. Subsequently, on August 6th, price action executed a technical pullback to retest the newly converted support floor, triggering an immediate bullish bounce. This lower-wick rejection demonstrates that short-term profit-taking supply has been fully absorbed by incoming buy-side liquidity.


The current setup provides a high-probability trend-following Long execution opportunity. The optimal strategy is to initiate Long positions, establishing a tight stop-loss parameter directly beneath the broken resistance floor around $0.00220. This precise execution entry minimizes downside risk exposure while securing an elevated risk-to-reward (RR) ratio for the upcoming continuation wave.


Disclaimer: This is not financial advice, DYOR.