PUMP Price Rallies 10% as Whales Accumulate – Bulls Target $0.0056 Soon

Highlights:

• The Pump.fun price has shown renewed recovery, surging 10% to $0.0050 today.
• Various whales have withdrawn PUMP from exchanges, showing intense confidence. 
• The technical outlook reinforces the positive sentiment as bulls target $0.0056 mark soon. 

The Pump.fun price is showing some slight recovery, as it breaks above $0.0050, marking a 10% gain. Moreover, its daily trading volume has soared 32% indicating heightened market activity. The positive sentiment is building in the crypto market, possibly hinting at the end-of-the-month rally soon.

With an eye-catching turnover in the market, three key whales just pulled their own three-plus billion PUMP tokens worth some $11 million out of exchanges. This move triggered a price explosion. Most relocation actions by whales are normally a sign of confidence or tactical position, which is indicative of the growing demand and interest in the market.

Three whales accumulated 2.23B $PUMP ($11.05M) from exchanges in the past hour!

🔹 Whale “Gfcya” withdrew 1.29B $PUMP ($6.4M) from #OKX, now holding 3.31B $PUMP ($16.4M).

🔹 Whale “46bvx” withdrew the first 468.95M $PUMP ($2.33M) from #Binance.

🔹 Whale “GryEg” also withdrew… pic.twitter.com/HbnjVi0t64

— Spot On Chain (@spotonchain) October 28, 2025

The whales in the transactions are such notable players as Gfcya, having pulled out 1.29B PUMP off OKX, which now possesses 3.31B PUMP. On the other hand, 46bxv has pulled out 468.95 million PUMP off Binance. GryEg was the third whale to withdraw 466.9M PUMP out of Bybit, their first major withdrawal of the token. 

These withdrawals have resulted in an increase in PUMP futures open interest, which is at $430.69 million as of October 28, 2025, from $267 million, recorded on October 11. 

The steady increase in the open interest in PUMP futures indicates that more people are interested in PUMP derivatives. The traders are placing bets on a further increase in the Pump.fun price as it is still rising, as the volume and the open interest.

PUMP Price Shows a Potential Rally as Bulls Tighten Grip

The PUMP/USDT chart is bullish, as the bulls have established strong support zones around the 50-day SMA($0.0041) and 200-day SMA($0.0049). On 10 October, the Pump.fun price tested the $0.0037 low. But bulls stepped back in and PUMP staged a comeback, climbing past the resistance zones. The current price hovers around $0.0050, with a slight 10% pump as the momentum remains bullish.

The Relative Strength Index (RSI) sits at 67.71, creeping toward overbought territory but showing that there is room to run. The Moving Average Convergence Divergence (MACD) is also showing a bullish crossover, which could push prices higher.

If PUMP maintains the above the current support levels, it could test the $0.0056 resistance next. However, the current market structure indicates the PUMP price may go one of two ways. If the price is rejected at current levels, it could result in the price dropping towards $0.0049 support, aligning with the 200-day SMA. 

On the other hand, if the price breaks above the current levels, the Pump.fun price is likely to surge to $0.0056 in the short term. In the long term, if the volume holds, the $0.0065-$0.0074 could be in play by the end of Q4. However, overextension could trigger a pullback if the bears crash the party. Meanwhile, over the next 24-48 hours, PUMP may reach $0.0056 if the bullish momentum continues.