Confidence in the Pump.fun token is starting to rebound, putting the current PUMP price prediction back in focus after a steep 67% post-launch crash.
A new token buyback initiative has sparked a potential reversal, with support from the core team helping the token form its third higher low at $0.002470 since hitting a bottom at $0.002265, a possible sign of early accumulation.
This comes despite the wider macro narrative. The US Federal Reserve held interest rates steady in July, awaiting the full impact of Trump’s tariffs.
With the “Liberation Day” tariff pause extension ending August 1st, speculators now see little chance of a September rate cut, further dulling risk appetite.
Pump.fun Goes All-In on Token Buybacks – But Will it Last?
The Pump core team initially promised 25% of revenue from the Pump.fun launchpad and PumpSwap DEX would be allocated to buy back PUMP tokens.
But recent on-chain activity suggests a more aggressive strategy. Nearly 100% of daily income has been used for buybacks since Monday trading, a potential move to stabilize token volatility.
While this new strategy has not been publicly announced, if it becomes a permanent fixture, it could effectively create a price floor mechanism by absorbing sell pressure and encouraging accumulation.
Still, questions linger about the long-term sustainability of the approach. The rapid rise of rival launchpad LetsBONK.fun has eaten into Pump.fun’s market share and revenue, according to Dune Analytics data.
Pump.fun vs. LetsBONK.fun revenue. Source: Dune Analytics.Pump.fun likely won’t maintain 100% revenue buybacks, especially since this could set unrealistic expectations going forward, making it more likely as a short-term support strategy.
PUMP Price Analysis: Time to Buy Pump.fun?
The Pump.fun price appears on the reversal path with the conclusion of an Elliott Impulse Wave pattern and a confirmed breakout from a descending channel forming since launch.
PUMP / USDT 4-hour chart, descending channel breakout. Source: TradingView, BYBIT.While initial breakout momentum has stalled at $0.00325, the breakout target at $0.0040 remains in play, offering room for a potential 50% upside.
This comes as momentum indicators find more level footing. The RSI is trending back towards bullish territory above the neutral line at 47, suggesting that buyers now overwhelm sellers.
Momentum indicators support the shift in trend. The RSI is recovering toward bullish territory, sitting just below the neutral line at 47, a sign that buyers are starting to overwhelm sellers.
More so, a recent MACD death cross looks increasingly short-lived, already showing reversal signs after hitting a plateau as buyers step back in.
Now that early ICO snipers have largely flipped their allocations, weak hands have been flushed, and Pump.fun buybacks create a stronger price floor, the stage is set for continued upside.
Beyond the channel breakout, the next key resistance levels lie at $0.00456 and $0.0069, which could trigger a return to the token’s post-launch high, a 158% advance from current prices.
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The post PUMP Price Prediction: Pump.fun Token Buybacks Spark Reversal – Is the 67% Crash Now a Buy Opportunity? appeared first on Cryptonews.
