Date: Thu, Sept 04, 2025 | 05:20 PM GMT
The cryptocurrency market continues to struggle with volatility as Ethereum (ETH) retraced to $4,300 from its August 24 all-time high of $4,954, dropping over 12% in just weeks. While many altcoins have followed the decline, Pump.fun (PUMP) has managed to stand out, defying the broader downturn thanks to its strong buyback activity.
Today, PUMP extended its rally with a 5% daily gain, pushing its weekly surge to over 33%. More importantly, its price chart is flashing a bullish setup that bears a striking resemblance to the breakout structure observed in Story Protocol (IP).
Source: Coinmarketcap
PUMP Mirrors IP’s Breakout Structure
Looking at the chart, IP’s recent move has become a textbook example of how bullish reversals can play out. After breaking above its descending resistance trendline, IP reclaimed the key resistance (highlighted in the red circle). This flip of resistance into support triggered a powerful rally of over 70%, lifting its price back to test its all-time high levels.
IP and PUMP Fractal Chart/Coinsprobe (Source: Tradingview)
Now, PUMP is showing a similar fractal setup.
The token has already broken above its descending resistance trendline and is currently testing the blue resistance zone around $0.0040–$0.0041, marked in the red circle. Interestingly, this is the same stage where IP had gathered momentum before converting the level into support and launching its sharp rally.
What’s Next for PUMP?
If PUMP successfully holds above the $0.0040–$0.0041 support zone, the fractal suggests it could mirror IP’s bullish move. In that case, PUMP may rally toward its all-time high of $0.006888, representing a potential 63% upside from current levels.
However, if PUMP fails to defend this crucial support and dips below $0.0039, the bullish fractal setup would likely be invalidated, leaving the door open for further downside.
