PUMP cryptocurrency has experienced a remarkable price surge, soaring by 90% in just two weeks to reach a new high of $0.004854. This sharp rally is fueled by several factors including the recent expansion of DeFi applications and growing interest from institutional investors, according to analysts. However, technical indicators are signaling potential profit-taking as the TD Sequential indicator issues a sell signal near $0.004854. Buybacks worth $1.8 million per day are also playing a crucial role in reducing circulating supply, potentially influencing price stability in the short term. 24 hours data shows PUMP’s price is up by 4.14%, while volume has declined by 11.44% to $365 million. The increased buybacks, along with the TD Sequential sell signal, are generating significant attention from traders.