A massive accumulation phase from whales is igniting optimism for $PUMP , potentially setting the stage for a 30% rise despite weak momentum signals.
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🔹 Whale Activity Accumulating Stock Aggressively
According to Onchain Lens, a whale just withdrew 1.34 billion PUMP (worth 3.31 million USD) from the O.K.X exchange.
This move increases the wallet's total holdings to 2.8 Billion PUMP (6.32 million USD). Such strong accumulation often signals confidence from insiders or positioning before a trend change.
🔸 Technical Setup (Head and Shoulders):
The daily chart is forming a potential Head and Shoulders pattern.
PUMP is holding strong support at $0.00242. If this level is maintained, the pattern will aim for a target of $0.0033—equivalent to a 30% increase.
The ADX index is at 19.96 (below 25), indicating that the current trend strength is weak. The upward momentum needs confirmation from trading volume.
🔹 Traders are betting on the upward move. Long positions (2.68 million USD) currently dominate Short (1.98 million USD) at key price levels for the day, indicating that the market expects a bounce.
🔹 The whale is betting 6 million dollars on a breakout.
Holding $0.00242 > Target $0.0033.
Weak ADX suggests that if volume declines, the pattern may fail.
A whale just added 3.3 million dollars to PUMP. Will you follow the smart money up to $0.0033, or be concerned about the weak ADX momentum?
News and research information from Trading Insight is for reference only and is not investment advice. Please read carefully before making any decisions.
