Pump.fun Price Soars 16% in a Week as Bulls Eye $0.004 in the Short Term

Highlights:

• Pump.fun price rises 1% to $0.0031, as the volume skyrockets by 53%.
• The PUMP derivatives data show intense investor confidence, with volume reaching 53% despite a slight drop in open interest of 3%.
• Bullish technical indicators suggest further upside towards $0.004, reinforced by the Golden Cross in the market.

The Pump.fun price has increased by 1% to $0.0031, alongside a 53% rise in trading volume to $577.9 million. On the 2-hour chart, PUMP token has formed a double bottom, suggesting a possible repeat of its previous price direction. Meanwhile, PUMP is boasting a 16% increase over the past week, despite the 51% drop over the past month. 

$PUMP looks good for the next leg up

Double bottom is formed. Big things are coming:

– Pumpfun tests website's 'rewards' feature

– Trading volume incentive program pic.twitter.com/RHYxBaW1aD

— Hyde (@hyde6000) August 5, 2025

 

On the other hand, the $PUMP derivatives market is also indicating more activity in favour of the bullish case. The current statistics demonstrate that the volume of trades for the $PUMP has increased by 53% to $1.6 billion. This indicates growing interest in the token. Despite a slight dip in open interest, which represents 3.02%, a positive trend in volume growth can be identified as an indicator that more traders are engaging in the $PUMP market.

Pump.fun is bullish in the long/short ratio with a ratio of 0.979 in the last 24 hours. This indicates that a higher percentage of traders are betting long on this platform, expecting the price to rise. The statistics also show that long positions are being preferred by the large players in the market, including Binance, with its long/short at 2.3795. Such ratios reveal that market sentiment is quite bullish towards $PUMP, as traders expect it to spike to the upside.

Pump.fun Price Set for a Bullish Continuation

The Pump.fun price on the 1-hour timeframe appears to be on a recovery within a well-defined rising channel pattern. This is after the token hit the $0.002486 support level at the start of August.

The surge has enabled the bulls to push the Pump.fun price above both the 50-day ($0.003011) and 200-day ($0.00277) Simple Moving Averages (SMAs). This positions PUMP on a positive long-term trajectory. This outlook is further reinforced by the 50 SMA crossing above the 200 SMA, creating a golden cross at the $0.002715 level. This suggests that PUMP is in for a long-term bullish trend. 

Meanwhile, the Relative Strength Index (RSI) is hovering around 51.57, which places it in the neutral level. This indicates that the PUMP token is poised to rebound to higher levels, particularly with the RSI above 50. In other words, it suggests that the price of PUMP is on a bullish trend, with space to climb before it becomes overbought.

What’s Next for PUMP?

If the current support zone holds strong, the Pump.fun price could cruise toward $0.0033 or even $0.004 by the end of Q3, especially if market sentiment stays positive. Conversely, if the bears take over, traders will want to watch for a drop back to $0.00304 or lower, where the 50 SMA might offer a bounce. In the short term, PUMP is looking solid with that 16% weekly gain, but the golden cross is a green flag for further upside. Long-term, if the project maintains its fundamentals, PUMP could be in for a moonshot.