Pump.fun's native token (PUMP) is trading within a bullish pennant as buyers defend a key support level, keeping the breakout setup for the PUMP price intact. At the same time, the platform has broadened its multichain reach by adding HyperEVM token trading, allowing users to access assets across ecosystems directly through its application. Pump.fun built its audience on Solana, where its one-click token creation model made it a hub of the meme coin boom, before the PUMP token went live in August 2025 alongside a community airdrop.

At the time of writing, PUMP was trading at $0.004909 with a 24-hour trading volume of $379.79 million and a market capitalization of $1.94 billion, according to CoinMarketCap. Following a 3.26% gain over the last 24 hours, the token's price structure and the platform's network expansion have drawn attention as potential signals of a bullish reversal.

Bullish Pennant Puts $0.0078 Target in Focus

According to crypto analyst Crypto With Gopal, PUMP is consolidating around the $0.0045 support after a strong breakout, forming a textbook bullish pennant on the chart — a continuation pattern in which price tightens into a narrowing range after a sharp directional move. The tightening range suggests that sellers are struggling to reverse the recent advance, while buyers continue to defend the key support. If PUMP holds this level, the setup could provide a foundation for another potential expansion move higher.

A breakout above the upper trendline of the pennant formation could confirm continuation of the existing trend and open the door to a further advance for the PUMP price toward $0.0078. Increased market activity would add significance to the breakout pattern, signaling the presence of interest. Conversely, failure to retain support at $0.0045 could undermine the formation.

Pump.fun Adds HyperEVM Token Trading to Its App

Data highlighted by Wu Blockchain shows that Pump.fun has moved out of its native Solana ecosystem by providing full functionality for HyperEVM token swapping. "Now you can swap any HyperEVM token for USDC right from the Pump.fun application." HyperEVM is the Ethereum-compatible execution environment of Hyperliquid's layer-1 blockchain, the network behind one of the largest decentralized perpetual futures exchanges, so the integration gives Pump.fun's app a direct route into that ecosystem's token market.

The addition brings Pump.fun closer to its multichain objectives and reduces the need to use other trading platforms. The expansion also introduces a 0.1% trading fee on all HyperEVM trades, while Solana trades will continue to be exempt from any trading fees. The same 0.1% rate is levied on other markets such as Robinhood, BNB, and Base. With the inclusion of HyperEVM, the meme coin-centric exchange is looking to position itself as a broader crypto trading exchange.

What Happens Next?

PUMP is expected to continue concentrating around the $0.0045 support level and the resistance of the bullish pennant. A breakout from the pattern, accompanied by an increase in trading volume, would make it easier for PUMP to move toward the $0.0078 target. Separately, the adoption of HyperEVM technology is expected to give a boost to the Pump.fun network, and early usage of the new swaps — alongside how activity balances between fee-free Solana trading and the fee-bearing chains — is a further data point observers can track as the rollout progresses.

This article contains market analysis and price predictions, which are not guarantees. Crypto markets are volatile; always do your own research. This is not financial advice.