Pump price ready for breakout after large token unlock?

The Pump price is showing a remarkable move after a major cliff unlock. Instead of falling further, the price is rising, suggesting that the supply had already been largely priced in by the market. Analyst DaanCrypto now sees a potential breakout from the descending trendline that has persisted all year.

Pump is available at OKX and Bybit.

Breakout from the downward trend

On the daily chart, it is clear that the Pump price has been in a downtrend since the beginning of 2026. After a low around $0.0012, the price is now trying to shake off that trend. DaanCrypto points to a first logical price target of around $0.0023, a level also visible on the chart as a strong horizontal resistance zone.

The analyst reports that there was a lot of hedging ahead of the unlock by parties who received tokens, which limited the downward pressure during the unlock itself. Now that the supply has largely been absorbed, room for a recovery appears to be emerging.

Speculation around airdrops, but the chart decides

There is currently a lot of speculation surrounding Pump, including about possible airdrops. However, DaanCrypto warns against getting too caught up in the daily news and the noise around it. According to him, it is wiser to use the chart as a guide and only take action when the price actually breaks above the resistance and manages to hold there.

We previously reported that Pump.fun unlocked as much as $86 million worth of Pump tokens for the team and investors, which caused considerable unrest at the time. The fact that the price is nevertheless moving up is seen by DaanCrypto as a positive signal. Whether the first price target of $0.0023 is actually reached depends entirely on whether the breakout holds.