Pump.fun (PUMP) has seen a rough few weeks, but interest around Solana tokens continues to grow. That attention is helping PUMP price hold an important zone and attract traders who believe the next move might finally be upward.
There’s also a boost coming from real product progress. Pump.fun teamed up with MoonPay to make it much easier for new users to join the Solana ecosystem. People can now buy crypto inside the app using normal payment methods like cards or Apple Pay.
It’s a step that removes friction and could lead to more activity. At the same time, a new wave of meme-style competition is forming with celebrity-driven alternatives like Iggy Azalea’s Thrust, which puts more eyes on the entire sector. That attention doesn’t guarantee success, but PUMP continues to stay part of the bigger conversation.
What you'll learn 👉
PUMP Chart Technical Analysis
Analyst Greeny pointed out that the PUMP price is holding above the 0.786 Fibonacci retracement level after pulling back from the highs.
The Pump.Fun chart still shows lower highs, but the fact that price keeps bouncing instead of breaking down is a positive sign. Traders simply want to see a structure shift where buyers finally push above the downtrend line.
The RSI tells a similar story. While price made a lower low, momentum did not. That creates what many traders call hidden bullish divergence. In simple terms, it shows that sellers may be losing strength, even if the chart doesn’t look exciting yet.
If buyers step up and break the resistance near 0.0055, the next target could move much closer to the mid-range of this wider trend.
PUMP Airdrop Uncertainty Still Hanging Over the Market
The one thing that is keeping some traders cautious is the ongoing question about the upcoming airdrop. Nobody knows whether rewards will be given in PUMP tokens or in SOL.
That kind of uncertainty often delays strong price reactions because traders might wait for more clarity rather than taking a position too early.
If the airdrop ends up bringing more demand directly into PUMP, the reaction could be fast and strong. But if rewards are mostly tied to SOL, PUMP might see slower interest. For now, the market wants answers.
Read Also: Where Could Plasma (XPL) Price Head Next? Analyst Explains the Setup
Where PUMP Price Could Go From Here
Right now, the market is holding a clear support zone and momentum appears ready to flip. A move above 0.0055 opens the door to a stronger recovery. But a close below recent support could send the Pump.Fun price back to retest the lower boundary of the range.
Traders watching Solana’s growing activity believe PUMP could benefit if users look for the next fun token to rotate into. With that in mind, price direction over the next week should tell us whether PUMP is ready to climb again or needs more time to stabilize.
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