$PUMP has surged over 90% in the past two weeks, driven by Pump.fun's $1.8 million daily buybacks and significant whale accumulation. The token's price rose from $0.002965 on August 24 to $0.004885 by September 6, approaching the 1.0 Fibonacci resistance level. Despite the bullish trend, a TD Sequential sell signal suggests potential trend exhaustion and a possible short-term pullback. The rally is underpinned by strong trading volume and whale activity, with over $12.2 million in tokens bought back between August 24 and September 5. Whale wallets have increased their holdings by nearly 600 million tokens. The broader crypto market is also reacting to a weaker U.S. jobs report, which has increased the likelihood of a Fed rate cut, typically benefiting riskier assets like cryptocurrencies.