Falling Wedge Forms on PUMP Chart as Volume Jumps—Are Analysts Right About a 40% Breakout?

Source: CryptoNewsNet Original Title: Falling Wedge Forms on PUMP Chart as Volume Jumps—Are Analysts Right About a 40% Breakout? Original Link: PUMP is drawing attention as market observers review new technical signals and trading patterns shared across the crypto community. A recent chart suggests a shifting structure in price behavior, supported by strong activity across several platforms.

Falling Wedge Structure on the PUMP Chart

A falling wedge appears on the PUMP/USDT 2-hour chart, showing compressed price movement within two converging trendlines. The pattern reflects a long downtrend where lower highs and lower lows slowly narrow into an apex.

Toward the end of the formation, candles recovered from the lower boundary, suggesting buying pressure is beginning to stabilize. The chart includes a projection box marking a potential breakout zone near 0.0038 USDT.

This area reflects a possible move of around 40% from a breakout point near the upper trendline. The wedge structure shows a series of attempts to break upward, each followed by weaker bearish continuation, which suggests sellers are losing control.

A confirmed close above the upper trendline would shift the structure toward a bullish reversal. However, traders should watch for retests or stronger candles to avoid false breakouts often seen during compressed market phases.

Trading Volume and Market Behavior

Rising activity within the broader ecosystem supports the technical signals. PumpFun reports $2.84 billion in trading volume, representing notable surge in meme-driven market participation. This compares closely to major exchange platforms, with certain exchanges reporting spot volumes around $3.12 billion.

These figures continue to strengthen discussions within the crypto sector, especially as market participants track emerging products around PUMP. The volume data is presented as an indicator of persistent user activity.

Market Cap Trend and Future Expectations

Market cap trends reflect a steady decline from November 19, with a strong fall appearing on November 20, pushing levels below $1.7 billion before entering sideways movement marked by repeated rebound attempts.

Each recovery remains short-lived, forming lower highs. The pattern later shows a brief surge near November 24 that quickly retraces, reinforcing a controlled downtrend with buyers unable to break recent structural barriers.

Despite the volatility, volume levels remain steady through the week, indicating consistent participation rather than abrupt selling waves.