Pump.fun coin is living up to its name. The project just crossed a major milestone, more than $151 million worth of tokens have been bought back so far, showing serious commitment from both the team and the community.
That kind of consistent buyback pressure isn’t just good for headlines, it’s also helping build real market confidence. And based on the latest charts, PUMP price might be gearing up for another strong move.
Buybacks Are Fueling the PUMP Momentum
As Crypto Patel pointed out, PUMP buybacks now total over 763,000 SOL, worth roughly $151 million since launch. That’s an enormous figure for a project that’s still relatively young.
It’s not just a token burn or hype gimmick, these buybacks directly reduce circulating supply and show that the project is backing its own ecosystem in a big way.
With only 9.5% of total supply currently circulating, scarcity is starting to play a role too. Patel called the buybacks a “bullish signal for holders,” noting that this kind of long-term, consistent activity strengthens both price stability and community trust. And right now, that trust is clearly showing up on the charts.
PUMP Chart Setup: Breakout and Momentum Building
Crpto trader Greeny shared a 12-hour chart showing Pump.fun price finally breaking out of its long descending trendline, a structure that’s been weighing on price for weeks. His position is already up 132%, with the token now trading around $0.0046.
What’s interesting is where the bounce started, which is at the 0.786 level of Fibonacci ($0.0039), and tends to act as a springboard in the initial phases of reversals. From there, the next resistances of interest to watch out for are $0.00475, $0.0050, and $0.0057.
If bulls succeed in breaking through and remaining over $0.0058, the path is clear to a move to $0.0089, short of the former high.
The PUMP chart is now showing higher lows, increasing volume, and smaller pullbacks, all the marks you’d prefer to see in a potential trend reversal.
Read Also: All Eyes on Pump.fun ($PUMP) – $300 Million Buy Incoming
Fundamentals and Technicals Align
The impressive part about PUMP is that the fundamentals and technicals are finally moving in sync. The consistent buybacks, steady liquidity, and growing trading volume on Solana are giving the chart real strength.
Even during market dips, the token has held up better than most newer projects, mainly because the buyback program is working as intended. With more supply being pulled off the market each week, the setup naturally favors gradual price appreciation.
Outlook For PUMP
In the short term, as long as $0.0039 holds as support, the setup stays bullish. A breakout and retest above $0.0058 would likely kick off another rally, possibly sending PUMP price toward $0.008-$0.009 in the coming weeks.
If the buybacks keep running at this pace, $0.01 doesn’t look unrealistic, especially with community sentiment strengthening and trading activity rising again.
With one of the most aggressive buyback models in the space and a steadily improving chart, PUMP looks ready to keep pumping well.
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