bullish

2024

Jupiter

<p><strong>Jupiter</strong> (JUP)&nbsp;price has shown a bullish spell this week with more than 20% growth. Jupiter ranked 58th globally in the past 24 hours based on its market cap, per the CoinMarketCap.</p>
<p>The price and JUP’s market cap have witnessed an advance of 3.5% in the last 24 hours. The token’s traded spot volume inflow value had increased by 7%.</p>
<p>As of writing,&nbsp;<strong>Jupiter’s</strong>&nbsp;market cap value has been $1.234 Billion, followed by the traded volume value of $99.794 Million.</p>
<p>Similarly, this further resulted in a volume/market cap ratio of 8.01%, displaying moderate to good liquidity. The fear and greed index has improved from the fear of 28 to 56 this week, supporting the asset’s bullish sentiment.</p>
<h2 class="wp-block-heading" id="h-what-does-analyst-highlights-on-jupiter-price"><strong>What Does Analyst Highlights on Jupiter Price?</strong></h2>
<p>AN analyst&nbsp;<strong>@iWantCoinNews</strong>&nbsp;(iWantCoinNews) had shared optimistic views on Jupiter’s (JUP) price. The analyst has shared one of his drawings in the JUP chart. He illustrated that the asset stands near a critical demand zone.</p>
<p>The analyst believes that from this zone, the price could go parabolic towards the $3 mark. The chart illustration also displayed that once bulls get traction in the asset price, the all-time high could be breached in on sweep momentum.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24JUP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$JUP</a> | To be honest $3 is fud. <a href="https://t.co/pkKprUNIzU" rel="noopener noreferrer nofollow">pic.twitter.com/pkKprUNIzU</a></p>— iWantCoinNews <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@iWantCoinNews) <a href="https://twitter.com/iWantCoinNews/status/1827404057486434666?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 24, 2024</a>
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<p>Therefore, the optimism is higher in assets per the analyst. However, investors should be cautious, and avoid FOMO and&nbsp;<strong>DYOR</strong>.</p>
<h2 class="wp-block-heading" id="h-is-jupiter-jup-fundamentally-strong"><strong>Is Jupiter (JUP) Fundamentally Strong?</strong></h2>
<p>Based on the&nbsp;<strong>Chainbroker</strong>&nbsp;website, its fundamentals are rated 6.34 by 10. and considered good.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="501" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-2-5-1024x501.png" alt="Fundamental &amp; Security Data | Source: Chainbroker" class="wp-image-681440" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-2-5-1024x501.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-2-5-300x147.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-2-5-768x376.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-2-5-1536x752.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-2-5-150x73.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-2-5-696x341.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-2-5-1068x523.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-2-5-1920x940.png 1920w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-2-5.png 2000w" sizes="(max-width: 1024px) 100vw, 1024px">
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  Fundamental &amp; Security Data | Source: Chainbroker
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<p>The&nbsp;<a href="https://www.thecoinrepublic.com/price-prediction/jupiter-ag/" rel="noopener noreferrer nofollow">Project</a>&nbsp;has a security score of 83.10, and it’s an A-tier security standard. The community trust score is also good at 94.31, and the X score highlights good activity on its X profile. The Twitter score, as of writing, was at 244, with top Twitter followers.</p>
<h2 class="wp-block-heading" id="h-impressive-growth-in-tvl-witnessed"><strong>Impressive Growth In TVL Witnessed!</strong></h2>
<p>The rise in TVL in&nbsp;<strong>JUP</strong>&nbsp;over time reflects the surge in the demand for the asset and the changing dynamics of market participation. The total TVL of Jupiter was $1.124 Billion, as per the Defilama, and the surge from $92 Million in January and 2024 displays nearly 12x in the past 8 months.</p> <iframe loading="lazy" width="100%" height="425px" src="https://defillama.com/chart/protocol/jupiter#information?&amp;include_staking_in_tvl=true&amp;theme=dark" title="DefiLlama" frameborder="0"></iframe>
<p>Meanwhile, this shows the JUP growth at an impressive scale, as of writing, and this reflects that the higher TVL makes the&nbsp;<strong>JUP</strong>&nbsp;asset more reliable and less risky.</p>
<h2 class="wp-block-heading" id="h-price-action-overview-of-jupiter-jup"><strong>Price Action Overview of Jupiter (JUP)</strong></h2>
<p>A look at&nbsp;<strong>Jupiter’s</strong>&nbsp;chart showed that 2024 was delightful for JUP’s investors. Starting from Feb-end of 2024, showed major development on the chart from the demand zone at the $0.49 level.</p>
<p>As the price rose by over 330% and peaked at $1.84 by March-end and gave a strong performance in the first quarter. However, the beginning of the second quarter was drastic, as the price slipped and violated the uptrend by formulating lower low peaks.</p>
<p>The performance led to a downward channel over the daily chart, where it ideally followed the top border and lower border sharply.</p>
<p>The last time, on July 5th, the price was struck the lower border, and as a result, it bounced back. Since then, it’s followed a support level of 0.7265 and is yet to break the demand zone.</p> 
<p><a href="https://in.tradingview.com/chart/JUPUSD/RhGN8kNy-performance-led-to-a-downward-channel/" rel="noopener noreferrer nofollow"></a><a href="https://in.tradingview.com/u/Sam_TCR/" rel="noopener noreferrer nofollow"></a><a href="https://in.tradingview.com/" rel="noopener noreferrer nofollow"></a></p> 
<p>Therefore, major bullish indicators signify further bullishness if bullishness prevails on the daily chart. In that case, the $1.20 level could be worth monitoring, as above this level, a change of character is present followed by the breach of the upper border.</p>
<p>The post <a href="https://www.thecoinrepublic.com/2024/08/26/jupiter-jup-price-to-see-improvement-as-tvl-hits-ath/" rel="noopener noreferrer nofollow">Jupiter (JUP) Price to See Improvement as TVL Hits ATH?</a> appeared first on <a href="https://www.thecoinrepublic.com" rel="noopener noreferrer nofollow">The Coin Republic</a>.</p>

Jupiter (JUP) Price to See Improvement as TVL Hits ATH?

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