PUMP: Ascending Channel Tests Upper Resistance
PUMP maintains recovery inside ascending channel with support at 0.00218 and resistance at 0.00278 as 4h RSI reaches 66.45.
SourceAnalysis
PUMP sustains its recovery structure inside an ascending channel marked by consistent higher highs and higher lows, with price now pressing the upper boundary where a breakout could set the next leg higher.
Key levels show support holding at 0.00218 to 0.00204 while resistance sits at 0.00278 to 0.00337, keeping the bullish scenario alive on any close above channel resistance.
Technical confluence on the 4h chart reveals price at $0.0 with EMA50 and EMA200 both at $0.0 acting as long-term support, RSI(14) at 66.45 remaining neutral, and MACD(12,26) printing a bullish golden cross at 0.0 while price trades inside the Bollinger band between upper resistance at $0.0 and lower support at $0.0, suggesting a measured test of resistance before any deeper retracement to the 50-EMA zone.
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