Pump.Fun (PUMP) is showing early signs that its long correction may be losing strength. Crypto analyst Captain Faibik shared on X that the PUMP price is approaching a key technical moment that could change the short-term trend.
His latest chart highlights a descending channel on the 12-hour timeframe that now appears close to breaking. If that breakout confirms, Faibik believes a strong upside move could follow.
What you'll learn 👉
What the PUMP chart is showing
On the 12-hour chart, the Pump.Fun price has been trading inside a clear descending channel for an extended period. Each rally attempt has been capped by the upper trendline, while lower lows continued to form along the bottom of the channel. This structure usually reflects controlled selling rather than panic.
Recently, price action has started to shift. PUMP is now printing higher lows and pushing closer to the upper boundary of the channel.
Momentum does seem to be improving, and selling does seem less aggressive than in previous stages of the decline. Such activity is typical of what happens towards the end of a corrective process.
The critical area to focus on is at the top of the channel. A clean breakout above it would mark the first major trend shift for the PUMP price on this timeframe.
Why the descending channel matters For Pump.Fun
Descending channels often act as compression zones. Price moves lower over time, but volatility tightens as buyers slowly absorb sell pressure. When that balance breaks, moves can be sharp.
Captain Faibik’s projection suggests that if the PUMP price breaks and holds above the channel, the next leg higher could be fast. His target points to a potential 150% rally, based on the size of the prior range and historical reactions following similar breakouts.
This does not mean the move happens instantly, but it does mean the risk-reward profile starts to shift once resistance is cleared.
Read Also: 3 BNB Price Predictions From Top Binance Traders
What traders are watching next For PUMP Price
For now, confirmation is everything. While a strong break above the bottom of the declining channel would be supportive of a positive trajectory, failure to do so may see the current range-bound position of PUMP extend or drift lower to lower levels of support.
As long as the Pump.Fun price continues pressing higher within the channel, the breakout setup stays valid. Momentum traders will likely wait for confirmation, while early buyers are already positioning for the possibility of a larger move.
Moreover, PUMP has spent a long time correcting, which has cooled sentiment across the market. That is often when technical setups like this start to matter more. The chart shared by Captain Faibik suggests the downtrend may be losing control.
Whether or not the predicted 150% move will actually occur has much to do with follow-through performance following the breakout. For now, however, the PUMP price is at a crossing point and may rely on the next few candles on the 12-hour chart.
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
