Inverse Head and Shoulders Pattern in Play
On the 4‑hour chart, PUMP has been carving out a clear inverse head and shoulders pattern, a widely recognized bullish reversal setup that often signals the end of a downtrend.
The latest rebound came from the right shoulder support around $0.005223, pushing the price back up to the neckline zone above $0.0060. This neckline, marked between $0.006050–$0.006200, has been tested several times in recent weeks but has yet to see a decisive breakout.
A confirmed move above this resistance could open the door to a much stronger rally. Historically, once this formation completes, it often leads to accelerated upside momentum.
What’s Ahead for PUMP?
If PUMP breaks above the neckline at $0.0062, the measured move target from the inverse head and shoulders projects a potential run toward $0.0075 — representing an upside of more than 20% from the breakout point.
That said, traders should watch for a possible post‑breakout retest of the neckline before the token attempts to sustain its rally. Failure to break the neckline, however, could keep PUMP consolidating between $0.0052 and $0.0062 until momentum builds again.