Jupiter

Bitcoin ETF

Bitcoin

Pepe Coin

Jupiter price prediction: The market was a buzz this week as JUP, a token backed by decentralized exchange (DEX) Jupiter debuted after a hyped airdrop. While users of the platform celebrated the airdrop, a sense of frenzy spread across the market amid notable listings on leading exchanges like Binance, Bithumb, and OKX.
As reported,&nbsp;<a href="https://coingape.com/solana-based-jupiter-to-debut-post-airdrop-buzz-price-to-rally/" rel="noopener noreferrer nofollow">Jupiter</a>&nbsp;is making strides in the decentralized finance (DeFi) sector, hence the collective interest among crypto users.
On the other hand,&nbsp;<a href="https://coingape.com/markets/bitcoin-price-eyes-parabolic-rise-in-2024-but-has-q1-altcoin-hype-cycle-started/" rel="noopener noreferrer nofollow">Bitcoin</a>&nbsp;steadied its uptrend following a correction to $42,000 on Thursday. The largest crypto holds above $43,200 as bulls fight for a break from resistance in the upper range between $43,800 and $44,000.
<h2 class="p1" id="jupiter-price-prediction-is-the-airdrop-fuelling-jup-rally">Jupiter Price Prediction: Is The Airdrop Fuelling JUP Rally</h2>
Amid the many events and developments in the industry this week including the FOMC meeting and&nbsp;<a href="https://coingape.com/ethereum-dencun-upgrade-here-are-2-crucial-dates-to-watch/" rel="noopener noreferrer nofollow">Ethereum’s Dencun upgrade</a>&nbsp;going live on the second testnet, the JUP airdrop managed to take center stage.
In the last 24 hours, JUP managed almost a 2% gain trading at $0.62. Despite the DEX token losing volume by 55% over the same period to $693 million, a 2% increase in market cap to $841 suggests holders are not interested in selling, at least not yet.
Although JUP’s chart is not quite elaborate, considering the token has been trading for a few days. Holding above $0.6 is paramount for a rally to erupt targeting $1 and beyond.
<figure id="attachment_178241" aria-describedby="caption-attachment-178241" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-178241" src="https://coingape.com/wp-content/uploads/2024/02/JUPUSDT_2024-02-02_21-24-28.png" alt="Jupiter price prediction chart " width="2710" height="1454" srcset="https://coingape.com/wp-content/uploads/2024/02/JUPUSDT_2024-02-02_21-24-28.png 2710w, https://coingape.com/wp-content/uploads/2024/02/JUPUSDT_2024-02-02_21-24-28-300x161.png 300w, https://coingape.com/wp-content/uploads/2024/02/JUPUSDT_2024-02-02_21-24-28-1224x657.png 1224w, https://coingape.com/wp-content/uploads/2024/02/JUPUSDT_2024-02-02_21-24-28-768x412.png 768w, https://coingape.com/wp-content/uploads/2024/02/JUPUSDT_2024-02-02_21-24-28-1536x824.png 1536w, https://coingape.com/wp-content/uploads/2024/02/JUPUSDT_2024-02-02_21-24-28-2048x1099.png 2048w, https://coingape.com/wp-content/uploads/2024/02/JUPUSDT_2024-02-02_21-24-28-150x80.png 150w" sizes="(max-width: 2710px) 100vw, 2710px">
 <figcaption id="caption-attachment-178241" class="wp-caption-text">
 Jupiter price prediction chart | Tradingview
 </figcaption>
</figure>
A bearish cloud might continue to hover around Jupiter and weaken the uptrend based on the downtrend in the Moving Average Convergence Divergence (MACD) indicator.
Dips may prove profitable as traders buy to ride the anticipated trend. The ascending trendline has already proved to be a springboard for JUP price, leading to several trend reversals.
With that in mind, the price bouncing back from the trendline (the black line on the chart) would signal investors to buy the dip, speculating on a potential rise to three key levels, starting with resistance at $0.65, $0.7, and $1.
If JUP slips under the trendline, it would be prudent to change the tactic and consider shorting the token to support at $0.55 before buying again.
<h3 class="p1" id="related-articles">Related Articles</h3>
<ul>
 <li><a href="https://coingape.com/markets/pepe-coin-price-prediction-dip-pepe-regains-0-0000015/" target="_blank" rel="noopener noreferrer nofollow">Pepe Coin Price Prediction Hints Final Dip Before $PEPE Regains $0.0000015 Mark&nbsp;</a></li>
 <li><a href="https://coingape.com/bitcoin-etf-fomo-cools-down-heres-what-options-data-tells/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin ETF FOMO Settles Down, Here’s What Options Data Tells&nbsp;</a></li>
 <li><a href="https://coingape.com/xrp-price-to-surge-soon-amid-strong-whale-holdings-despite-ripple-hack/" target="_blank" rel="noopener noreferrer nofollow">XRP Price Rally Soon Amid Strong Whale Holdings Despite Ripple Hack&nbsp;</a></li>
</ul>
The post <a href="https://coingape.com/markets/jupiter-price-prediction-with-jup-pumping-to-0-62-while-bitcoin-price-tops-43000/" rel="noopener noreferrer nofollow">Jupiter Price Prediction With JUP Pumping To $0.62 While Bitcoin Price Tops $43,000</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Jupiter Price Prediction With JUP Pumping To $0.62 While Bitcoin Price Tops $43,000

Table of Contents

Coingape News Media

Other articles published on Feb 2, 2024

Jupiter (JUP) Price Prediction 2024-2030: Will JUP Price Hit $1 Soon?

Why Is API3 Price Up? Crucial Breakout Signals a Major Change of DIrection

BRICS: No Demand For US Dollar Bonds, Sales Get Worst Start Since 2016

Bitcoin’s post-ETF prices spark discussions, yet accumulation persists

Mega Dice Welcomes BONK, PEPE, And 12 Additional Tokens In Crypto Casino Expansion

Ripple Faces Major Bug in AMM Update; What You Need to Know

Join our free newsletter for daily crypto updates!