Pump token (PUMP) has experienced a significant surge, exceeding a 20% gain in price following a breakout from its tight trading range. Trading volume topped $360 million, indicating growing market interest and momentum for the project. Notably, PUMP’s recent price movement follows several weeks of sideways price action as traders watched for renewed strength. A key catalyst behind this surge is Project Ascend, a new platform update that reduces creator fees with increased market cap, attracting more creators to pump.fun. The $0.0042 level has become a focal point, acting as resistance twice before. If Pump continues its upward trajectory, traders anticipate reaching the range high near $0.0068. Analysts are optimistic about PUMP’s performance, noting that it outperforms other tokens in a market experiencing volatility and price fluctuations.