The cryptocurrency token $PUMP has experienced a dramatic surge in value, soaring over 90% within two weeks. This remarkable rise is fueled by aggressive buybacks implemented by Pump.fun and sustained demand from large whales. However, the rally faces potential resistance, as technical indicators suggest a short-term pullback may be on the horizon. TD Sequential, a prominent technical indicator, flashed a sell signal following the recent price surge. 80% of all $PUMP tokens are currently held by whales. The platform has been engaging in buybacks worth over $12 million since August 24th. This heavy investment into its token has resulted in an accelerated price increase, with the price surging from $0.002965 to $0.004885 within a fortnight.