Pump.fun (PUMP) has struggled over the past three months, shedding nearly 30% despite a recent 31% bounce in August. That one-month uptick gave the illusion of recovery, but in reality, the PUMP price remains about 45% below its all-time high.
However, a clear bullish reversal pattern has now emerged, confirmed by a breakout fueled by heavy buying across whales and retail.
SponsoredWhales and Retail Step In
At the current price of $0.0038, wallet flows show diverging trends. The top 100 addresses trimmed slightly, dropping 47 million PUMP tokens, equal to about $179,000. Smart money balances fell 5.33% (around 74 million tokens, or $281,000) and public-figure wallets slid nearly 38% (276 million tokens, or $1.05 million).
But on the other side, whales added 306 million tokens even frontrunning “Project Ascend’s” hype, worth nearly $1.16 million, while exchange balances climbed by 3.91 billion tokens, worth close to $14.9 million — showing heavy retail accumulation. More so, as smart money and KOLs have dropped their stakes.
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This rare alignment of whales and retail buying together points to renewed confidence in the PUMP price action. Overall, the net inflows from whales and retail significantly outweigh the trimming by top 100 addresses and smart money wallets, leaving the market tilted toward strong buying pressure.
Momentum wasn’t just on-chain. The bull-bear power or BBP indicator flipped green exactly during the breakout, confirming that real-time buyers stepped in to validate the pattern. More on the pattern later in this piece.
Bull–Bear Power (BBP) is a momentum indicator that measures the strength of buyers (bulls) versus sellers (bears) by comparing the highest and lowest price levels with a moving average.
This crossover between technical confirmation and wallet activity strengthens the bullish case.
PUMP Price Chart Confirms Bullish Breakout
Technically, the PUMP price has broken out of an inverse head and shoulders, one of the strongest bullish reversal setups. The neckline breakout came near $0.0038, unlocking a measured target of $0.0053 (a 40% move). A more aggressive projection stretches to $0.0056.
Still, caution remains. A drop below $0.0032 (right shoulder) would weaken the pattern, and a breakdown under $0.0026 would invalidate the setup entirely.
With whales and retail aligned, on-chain flows supporting accumulation, and a confirmed breakout from a major bullish structure, PUMP looks set for a potential 40% upside. The final test will be whether buyers can defend the neckline and extend momentum toward $0.0053–$0.0056 in the coming sessions.
