- fun’s BOOST buybacks helped offset selling from the latest token unlock.
- PUMP reclaimed $0.002 as daily trading volume topped $135 million.
- Bulls are watching the $0.00210-$0.00215 resistance zone.
Pump.fun price extended its recovery this week, climbing above the $0.002 mark as buying pressure continued to outweigh concerns over a major token unlock.
The token gained more than 14% over the past 24 hours, with trading volume rising to roughly $135 million, showing that market participation remained elevated during the rally.
Notably, the price hike comes after one of the largest vesting events for the project, a development that many traders expected would trigger heavy selling.
BOOST buybacks absorbed the token unlock pressure
A key catalyst behind the latest rally has been the BOOST mechanism, which creates ongoing buying pressure for PUMP through token buybacks.
The feature has become an important part of the project’s token economy and has attracted renewed attention as the token recovered from recent lows.
But the recovery has been particularly notable because it followed a major vesting event.
Around 32.5 billion PUMP tokens allocated to investors and another 50 billion tokens allocated to the team became eligible for unlocking as part of the project’s vesting schedule.
Rather than leading to an immediate collapse in price, the market continued to absorb the additional supply.
The remaining unlocked allocations are scheduled to enter circulation gradually over the next 36 months instead of all at once.
That has shifted traders’ attention toward whether continued demand can keep pace with future releases rather than focusing solely on the initial unlock.
Technical indicators point to an improving trend
The improving price structure has also been reflected across several technical indicators.
PUMP has recovered above the Guppy Multiple Moving Average cluster, a sign that short-term momentum has strengthened.
At the same time, the Supertrend indicator has turned bullish as the token attempts to break above the upper boundary of a long-term descending channel that has capped price advances for months.
Another closely watched development is the behavior of derivatives markets.
Unlike rallies driven primarily by leverage, recent data showed that open interest declined while the token price continued to rise.
That combination suggests that spot market demand has played a larger role in supporting the recovery.
Trading activity has also accelerated significantly. Daily trading volume climbed above $135 million, while recent sessions recorded volume growth of more than 500% compared with earlier levels.
Higher participation has helped support the move as buyers pushed the token back above the psychological $0.002 level.
Market participants have also been watching the positioning of well-known Solana trader Ansem, who publicly disclosed a long position around the $0.001675 area.
The disclosure drew additional attention to PUMP during the early stages of its recovery and coincided with improving sentiment across the Solana memecoin sector.
Key PUMP price levels to watch
The next technical test lies around the $0.00210 to $0.00215 resistance zone, where previous rallies have struggled to maintain momentum.
A sustained move above that area would place the next upside targets between approximately $0.0025 and $0.0028.
On the downside, immediate support is seen between $0.00185 and $0.00190.
A deeper pullback could bring the $0.00170 area back into focus, while broader technical analysis identifies around $0.00130 as a level that would invalidate the current bullish structure.
Longer term, some market observers have pointed to $0.005 as a possible target if the current breakout develops into a sustained trend.
However, reaching that level would require continued buying pressure, further increases in trading activity, and the market’s ability to continue absorbing tokens released through the vesting schedule.
