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PUMP Jumps 90%to $1.71B As TD Sequential Sell Signal Hits Near $0.004854 With $1.8M Buy-Backs
PUMP has surged 90% in two weeks, reaching $0.004854 with a market cap of $1.71 billion.
TD Sequential has issued a sell signal, suggesting potential profit-taking after the recent strong rally.
PumpFun is buying back $1.8 million worth of PUMP daily, equal to 40% of supply in one year.
PUMP has recorded a sharp price rally over the past two weeks, advancing by 90% to reach a latest price of $0.004854 according to analyst Ali_charts. The token’s market capitalization now stands at $1.71 billion after a daily increase of 4.14%
While the upward trend has been notable, technical indicators are now pointing to potential profit-taking. Specifically, the TD Sequential indicator has issued a sell reading, suggesting the recent climb may pause as traders secure gains.
Technical Signals and Market Reaction
Price momentum has remained strong, but the TD Sequential tool shows a possible turning point following the recent uptrend. This pattern often highlights exhaustion after extended gains, which can lead to short-term retracements. Over the past 24 hours, PUMP rose by 4.14% while volume declined by 11.44% to $365 million.
Source: CoinMarketCap
The drop in trading volume contrasts with the higher price, highlighting that fewer transactions supported the most recent advance. This divergence has drawn attention from traders watching for changes in market behavior.
Alongside market action, buy-back activity has been a major development. PumpFun is currently purchasing $1.8 million worth of PUMP daily. This equates to approximately $657 million on a yearly basis, reflecting a significant intervention in the market structure
Importantly, the scale of buy-backs represents 13.7% of the token’s fully diluted valuation annually. Such activity directly affects available supply, influencing how price stabilizes during periods of consolidation or decline.
Current Context and Outlook
Despite technical caution, the consistent buy-back program continues to reduce circulating supply. Based on the current pace, an estimated 40% of the present supply could be repurchased within a year
This dynamic has remained a key factor in the token’s short-term resilience and recent appreciation. However, traders are watching closely to see how the interaction between reduced supply and technical signals develops. With price sitting near the $0.0048 mark, market participants are carefully evaluating whether momentum will persist or adjust under selling pressure.