As the cryptocurrency landscape continues to evolve, memecoin platforms like Pump.fun are gaining significant popularity, with their native tokens experiencing notable price movements. The PUMP token has been making headlines with its impressive price rally, defying expectations and capturing the attention of a wider audience.
After a remarkable rally that saw the crypto reach its new all-time high in September, PUMP demonstrated resilience, trimming some of its gains but ultimately finding support and surging past key levels. As October unfolds, analysts and traders are eagerly awaiting the next phase of market movement for tokens like PUMP, which rallied strongly during the industry’s recent downturn.
Pump.fun Breaks Past Major Support Level
Since its launch in July 2025, the Pump.fun token has been experiencing a rollercoaster ride, with its price fluctuating wildly. Starting at around $0.0077, the PUMP token initially plummeted to $0.002, trading within this range for a short period before making a strong recovery in August. By September, PUMP had surged to a new all-time high of $0.00827, only to experience another downturn that saw it drop to $0.0051.
However, over the past two days, Pump.fun has shown signs of recovery, breaking through a major support level and trending upwards. Today, it’s trading at around $0.0067, with investors and analysts eagerly watching to see if this positive momentum will continue.
As of press time, PUMP is trading at $0.006786, up 20.5% in a day. Over the past week and month, the meme coin has skyrocketed by 15% and 97%, respectively. Driven by these positive signals, traders are showing increased interest in the token. The 24-hour trading volume is currently at $827 million, marking a staggering hike of 68%. This growing enthusiasm could have a positive impact on the meme coin’s future performance, potentially driving further price appreciation and increased adoption.
Notably, the next key hurdle is $0.0070. If the crypto manages to surge past this point, the doors will be open for the next target at a record high of $0.0089.
In response to the recent rally, analysts like Crypto Tony have come forward, projecting the meme token’s potential movements. Highlighting Pump.fun’s significant rally past its critical support level at $0.0049, Crypto Tony predicted that the coin would continue its positive track, targeting new heights.
Recently, when PUMP traded near $0.004, analyst AltCryptoGems stood firm with his conviction that the memecoin will soar past its support and reach new ATHs. As the token has now broken past the key levels, the analyst reassures his stance, projecting PUMP’s sustained growth.
Is an October Rally in Sight?
Typically, September is considered a bearish month for cryptocurrencies. Historical patterns suggest that major players like Bitcoin, Ethereum, and XRP have experienced significant downturns in September, marking negative returns. In such a scenario, speculative meme coins like Pump.fun were expected to have a downfall last month. But defying expectations and overpowering major players, PUMP skyrocketed and hit its ATH.
As the market shifts into October, a month often considered bullish for cryptocurrencies, investors are wondering what’s next for PUMP. Given its resilience in the bearish “Redtember,” Pump.fun is poised for a massive surge in the bullish Uptober, potentially continuing its upward push.
However, considering the unpredictable nature of cryptocurrencies, particularly speculative tokens like PUMP, the future trajectory of the memecoin remains uncertain. As such, investors must exercise caution and conduct thorough research before making an investment decision.
