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Pump.fun's PUMP token rises 14% amid strong momentum and $1M+ buybacks nearing $0.006 resistance.

Technical Signals
30 Sep 2026
Crypto news
View Source
Bullish
Pump.fun's PUMP token rises 14% amid strong momentum and $1M+ buybacks nearing $0.006 resistance.

Pump.fun's PUMP token surged about 14% in 24 hours, reaching near $0.006 due to strong technical momentum and ongoing buybacks. The platform spent over $1 million recently buying and burning millions of tokens, reducing supply by nearly 17%. With a 14-day RSI near 67.65 and positive MACD, momentum remains strong though approaching overbought levels. Pump.fun offers low trading fees on Solana and crosschain trades, supporting token distribution. A sustained break above $0.006 could signal further gains, while failure might see a pullback to $0.005 or lower. The company continues to leverage buybacks funded by roughly half its revenue, aiming to boost token value and ecosystem growth.

Following Pump.fun's recent rally, its PUMP token is trading at Rp103 on Pluang as of Sep 30, 2026 18:32 WIB, showing a strong 1-day gain of 10.76%. The token's market cap stands at Rp48.29 trillion with a 24-hour trading volume of Rp9.34 trillion. Despite the positive momentum, Pluang data shows that 80% of order activity is selling, while typical holders keep their tokens for about 28 days.

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