2024PUMP (PUMP)

From a technical analysis perspective, many altcoins are becoming attractive, especially those holding a higher low above their February low while Bitcoin itself has made a new low. To me, this indicates investors are shifting their approach.

Even for altcoins like PUMP, which have made new lows, the bearish structure shows signs of exhaustion. After sweeping liquidity below those lows, this may turn into a deviation, leading to a bullish EW count, breaking the bearish trendline, and triggering a short squeeze that pushes liquidity above those highs where the trend originally started around 0.0046–0.0060, followed by an intra‑range correction and eventually moving toward a new all‑time high.

I clearly remember the entire CT being bullish on PUMP, even accounts I hadn't seen before were discussing it. At the time, I saw this as a warning not to buy into the euphoria because the price would eventually drop again, and now virtually no one is talking about it.