The PUMP price has experienced a notable increase today, retaking its ground in the $0.00310–$0.00320 range after dipping earlier this week. This rebound is being driven by a combination of factors, including buybacks and a technical bounce that’s attracting short-term traders. Pump.fun’s ongoing buyback program, which has repurchased a significant portion of the token supply, continues to play a key role in maintaining price stability. 7.66 billion PUMP tokens have been bought back by the platform since November 20th, representing 0.766% of the total supply and costing $30.65 million. While this buyback program has fueled price stabilization, daily revenue for Pump.fun has dropped from $2.28 million in August to around $250,000 today. This decrease in revenue raises questions about long-term sustainability of the buying activity. Meanwhile, technical indicators suggest a potential upward movement in the short term. The pump chart reflects a classic short-term bounce, and its RSI is hovering near oversold territory (40), attracting dip buyers who are capitalizing on increased trading volume (up 38.5% to $245.8 million). The next big test is the 7-day SMA at $0.003334. If this level breaks, momentum could increase; a failure here could trigger a price drop towards $0.002774. Although a new feature called