Date: Thu, Sept 04, 2025 | 07:10 AM GMT
The cryptocurrency market continues to struggle with volatility as Ethereum (ETH) retraced to $4,375 from its August 24 all-time high of $4,954, dropping nearly 12% in just weeks. While many altcoins have followed the decline, Pump.fun (PUMP) has managed to stand out, defying the broader downturn thanks to its strong buyback activity.
Today, $PUMP extended its rally with a 9% daily gain, pushing its weekly surge to nearly 29%. Technicals are now pointing toward further upside as a key harmonic pattern is in play.
Source: Coinmarketcap
Pump.fun Sees Strong Buyback Activity
According to Dune Analytics, the Pump.fun team has aggressively ramped up its buyback program, using revenues from Pump.fun/Pump Swap to purchase tokens.
So far, they’ve spent over $69.5 million to acquire 18.5 billion tokens, averaging about $0.003758 per token. This strategy has provided consistent upward momentum for PUMP’s price, which has now climbed 30% over the past 30 days.
PUMP Token Buyback Data/Source: Dune (@adam_tehc)
Key Pattern Showing Upside Strength
On the daily chart, PUMP is currently forming a Bearish Bat harmonic pattern. While this pattern typically signals eventual exhaustion near its completion, the ongoing CD leg usually delivers a strong upside move before a potential reversal.
Pump Fun (PUMP) Daily Chart/Coinsprobe (Source: Tradingview
At present, PUMP is trading around $0.004138. If momentum continues, the Potential Reversal Zone (PRZ) lies between $0.006357 and $0.006879, aligning with the 0.886 and 1.0 Fibonacci retracement levels. From current prices, this would represent a potential rally of up to 65%.
That said, traders should be cautious of mini pullbacks and profit-taking along the way, as these could temporarily slow the climb toward the D point.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
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Pump.fun (PUMP) Beats Market Volatility with Strong Buyback – Key Pattern Showing Upside Strength
Date: Thu, Sept 04, 2025 | 07:10 AM GMT The cryptocurrency market continues to struggle with volatility as Ethereum (ETH) retraced to $4,375 from its August 24 all-time high of $4,954, dropping nearly 12% in just weeks. While many altcoins have followed the decline, Pump.fun (PUMP) has managed to stand out, defying the broader downturn thanks to its strong buyback activity. Today, $PUMP extended its rally with a 9% daily gain, pushing its weekly surge to nearly 29%. Technicals are now pointing toward further upside as a key harmonic pattern is in play.
Source: Coinmarketcap Pump.fun Sees Strong Buyback Activity According to Dune Analytics, the Pump.fun team has aggressively ramped up its buyback program, using revenues from Pump.fun/Pump Swap to purchase tokens. So far, they’ve spent over $69.5 million to acquire 18.5 billion tokens, averaging about $0.003758 per token. This strategy has provided consistent upward momentum for PUMP’s price, which has now climbed 30% over the past 30 days.
PUMP Token Buyback Data/Source: Dune (@adam_tehc) Key Pattern Showing Upside Strength On the daily chart, PUMP is currently forming a Bearish Bat harmonic pattern. While this pattern typically signals eventual exhaustion near its completion, the ongoing CD leg usually delivers a strong upside move before a potential reversal.
Pump Fun (PUMP) Daily Chart/Coinsprobe (Source: Tradingview At present, PUMP is trading around $0.004138. If momentum continues, the Potential Reversal Zone (PRZ) lies between $0.006357 and $0.006879, aligning with the 0.886 and 1.0 Fibonacci retracement levels. From current prices, this would represent a potential rally of up to 65%. That said, traders should be cautious of mini pullbacks and profit-taking along the way, as these could temporarily slow the climb toward the D point. Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.