PUMP – Bounce From $1 Fibonacci Support Reclaims Key Levels

PUMP has rebounded sharply after a steep correction, finding support at the $1 level in confluence with the 0.618 Fibonacci retracement. Price is now consolidating above VWAP and the point of control.

After losing weekly resistance, PUMP underwent a heavy corrective move that pushed price down to daily support. This region provided strong technical alignment, triggering a bullish rally. The asset is currently testing critical levels that may define its next move.

Key Technical Points:
- Correction halted at $1, aligning with the 0.618 Fibonacci retracement.
- Price has reclaimed the point of control and VWAP support.
- Holding these levels could establish a higher low and rotation into resistance.


PUMP’s recovery highlights the significance of the $1 Fibonacci level as a structural pivot. The bullish impulse from this zone has brought the asset back above VWAP and the POC, confirming short-term strength. Consolidation above these metrics would suggest buyers are preparing to build a higher low, reinforcing bullish continuation.

Failure to maintain these supports, however, could reopen the path toward deeper retracement zones. Market participants will closely monitor order flow and volume in this region to confirm momentum strength.

What to Expect in the Coming Price Action:

If VWAP and the POC hold, PUMP could rotate toward higher resistance levels. Losing these supports would weaken the bullish thesis and expose downside risk.