PUMP Token Now on Breakout Watch After Major Buyback Announcement
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- PUMP token initiates first buyback as symmetrical triangle pattern tightens
- Trading volume surges 140% as price nears breakout from key resistance zone
- Over 40,000 holders signal growing demand amid $6B FDV and bullish momentum
Pump.fun has officially initiated its first $PUMP token buyback, a major strategic move that is adding fuel to a technical chart pattern that already points to an explosive breakout.
After weeks of community-led speculation and volatile trading, the project’s proactive move in absorbing supply from the market introduces a strong fundamental tailwind.
Technical Picture Strengthens as Buyback Begins
According to Jeremy, a crypto analyst, $PUMP is currently forming a symmetrical triangle on the chart, a pattern known for its explosive price moves.
The price recently tested the triangle’s upper resistance zone, which corresponds to a fully diluted valuation (FDV) of $6.1 billion. At the same time, an ascending support line has formed around the $5.36 billion FDV area, which suggests that buying pre…
The post PUMP Token Now on Breakout Watch After Major Buyback Announcement appeared first on Coin Edition.
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