Technical analysis by The_Alchemist_Trader_ about Symbol PUMP: Buy recommendation (9/20/2025)

Pump Token has corrected from its highs, finding support at the daily level. This zone aligns with the golden ratio retracement, suggesting a natural corrective phase within a larger bullish trend. Key Technical Points - Daily Support Zone: Aligned with 0.618 Fibonacci retracement. - Wave Structure: Possible Wave 2 correction before larger Wave 3. - Higher Low Formation: Current pullback could establish new base. Analysis The impulsive rally preceding this correction suggests that Pump Token may be tracing out an Elliott Wave sequence. The current correction is consistent with a Wave 2 retracement, with buyers likely to establish a higher low at support. This corrective phase is natural and necessary to build a base for the next expansion. Once confirmed, a Wave 3 rally could materialize, often the strongest in Elliott Wave theory. However, more price action is required to solidify a decisive trading plan. What to Expect If support holds, Pump Token could soon enter an impulsive Wave 3 rally. Confirmation will require bullish candles and sustained volume inflows.