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.
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.
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.
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.
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