Key highlights:

  • The PUMP price jumped about 46% in seven days after breaking above $0.00220
  • Holder revenue reached $735,000, its highest daily level since April
    Traders are watching whether the PUMP price can hold $0.00220 and extend the breakout toward $0.0032

PUMP has managed to become one of the better-performing cryptocurrencies after being among the worst performers. Following weeks of staying within a downtrend pattern, the PUMP price finally managed to break through the resistance level and rose to about $0.00232.

 

Daan Crypto Trades described the move as a clean breakout after months of underperformance ahead of the large July token unlock. In his view, the most important level now is the former resistance zone near $0.00220. If buyers can hold that area as support, the rally has a much better chance of continuing.

The PUMP price has finally broken its downtrend

We had a look at Daan’s daily chart, which covers the period from October 2025 through August 2026, and the technical change is easy to see. PUMP had been making lower highs for months, with a descending trendline blocking every recovery attempt since February. 

But this was to change later in July as the price of PUMP went above the trend line as well as the horizontal resistance at $0.00220. The breakout happened after a considerable period during which the price traded sideways between $0.00130 and $0.00150 as the buyers kept testing the support level.

From the chart, we see that there is an increase in the price of about 46% in seven days as the price moved from about $0.00173 to $0.002319. What is important about this breakout is the volume increase associated with it. If the rally continues, the next resistance area is near the February high around $0.0032, followed by the larger historical resistance near $0.0048.

The PUMP revenue picture has improved a lot since June

The technical breakout is being supported by stronger on-chain activity. Austin Barack pointed out that holder revenue reached $735,000 in a single day, the highest level since April. 

The broader revenue chart shows a clear recovery from the June capitulation, when daily holder revenue had fallen into the $200k-$300k range. By early August, revenue had recovered into roughly the $600k-$700k area, which is about 2-3x above the June lows.

Barack also indicated that PUMP is generating roughly $234.4 million in annualized revenue based on the last week of activity. Using those figures, he calculated that the token is trading at roughly 3.8x circulating market capitalization and 7.3x fully diluted valuation.

One detail that stands out is the buyback activity. Average buybacks are running near $504,000 per day, which is above the pace of token unlocks at current prices. That means buybacks are absorbing more tokens than unlocks are adding to the market on a daily basis.

The PUMP price rally still needs confirmation

It seems much more solid than it was a month ago; however, several trading days ahead will be very important. The main point here is how buyers would manage to protect the $0.00220 level. In case of holding this price level, the breakout pattern will stay intact and it would be possible to go for a target at $0.0032.

In case of breakdown below the $0.00220 level, traders will definitely pay attention to the previous consolidation area within the $0.00150–$0.00170 range. According to CoinCodex’s 1-month PUMP price prediction, the PUMP price is projected to trade around $0.001881, indicating a slightly cautious near-term outlook from the current level.