Bitcoin’s push toward the $70,000 mark has reignited momentum across the crypto market, and altcoins are beginning to move in tandem. The rally comes shortly after the latest U.S. CPI data showed inflation cooling more than expected, easing macro pressure and improving overall risk sentiment. With inflation slowing to 2.4%, investors appear more comfortable rotating back into risk assets, including crypto.
As seen in the above chart, the PUMP price has not only begun to rise but is also forming a potential double-bottom pattern. A rise above the immediate resistance at $0.022 and $0.025 may validate the bullish pattern, which may raise the hopes of a continued upswing. Besides, the RSI has just risen while the MACD is about to undergo a bullish divergence. This suggests that the token could experience a strong and sustained ascending trend and reach the neckline between $0.032 and $0.033 soon.
The Bottom Line: Will the Bullish Momentum Prevail?
Momentum currently favors the bulls as Bitcoin approaches $70,000 and altcoins respond with expanding volume. The CPI-driven relief has improved sentiment, but follow-through remains crucial. If Bitcoin holds above key support and continues printing higher highs, altcoins like Pippin and Pump.fun could extend their gains. However, a rejection near $70K may quickly cool risk appetite. For now, structure supports continuation, but confirmation over the next few sessions will determine sustainability.
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