PUMP price tests channel top after 35% weekly gain

Pump.fun’s PUMP token has gained more than 35% over the past week, breaking above key daily moving averages as buyers target the upper boundary of a rising channel near $0.0028. Summary PUMP price climbed above $0.0025 after trading near $0.0018 on July 30. The token now trades above its 20-, 50-, 100- and 200-day moving averages. 4-hour RSI reached 76.71, warning that the rally may be overheated. Holding $0.0022–$0.0020 would keep the short-term bullish structure intact. PUMP price extends its weekly rally According to data from crypto.news, PUMP price traded near $0.00252 on Aug. 5 after reaching an intraday high of roughly $0.00256. The move lifted its weekly gain above 35% and marked a sharp recovery from the July 30 area near $0.0018. The daily chart shows that PUMP has broken above a descending trendline that had capped the token since early 2026. Buyers also cleared the horizontal resistance area between $0.0022 and $0.0024, turning the former ceiling into a potential support zone. This breakout followed a base-building period between $0.0013 and $0.0016 during June and early July. PUMP has since formed a series of higher lows, showing a shift from its broader downtrend towa...