Recently, the PUMP/USDT trading pair has shown remarkable technical patterns. On the 15-minute timeframe chart, we have observed signs of a double breakout, which may indicate a rebound in the short term.

First, the price broke through the downward trend line, touching a low near 0.00320 and rebounding, consecutively breaking through the MA20 and MA30 moving averages, forming a local reversal trend. Secondly, the price successfully broke through the intersection of the MA30 and MA60, which turned the original short-term resistance zone (0.00350~0.00356) into a potential support area. This role reversal of support and resistance typically indicates a shift in market sentiment from bearish to bullish.

From the perspective of capital flow, although the net inflow remains negative, the trading volume has clearly increased. The MACD indicator has generated a golden cross signal, and the DIF line has started to turn upward, with sustained growth in bullish trading volume at the bottom. These signs indicate that the bears are taking profits, while the bulls are actively accumulating positions at low levels; the current market is in a stage of capital reallocation.

It is worth noting that although the spot gold price has reached a historical high, reflecting an increase in market risk aversion, the overall cryptocurrency market is showing a correction trend. However, short-term coins like PUMP have experienced a rebound structure from the bottom. This contrast may suggest that some institutions and quantitative trading funds are positioning themselves against the trend.

For the upcoming market situation, we need to pay attention to several key price levels: 0.00320 as a valid bottom support, and 0.00370 as an important resistance level ahead. If the price can stabilize at 0.00350 accompanied by an increase in trading volume, there is a short-term potential to challenge 0.00370. Conversely, if it falls below 0.00340, it may retest the bottom of the range.

Overall, PUMP is currently in a phase of oscillating rebound. Investors should remain cautious and avoid chasing highs, but may consider positioning on dips during pullbacks. At the same time, be alert to the potential risks of false signals and ensure proper risk management.