Rally

Jupiter

<ul class="list-ic vertical">
 <li><span>1</span> <a>Jupiter (JUP) token witnessed a sharp, volatile move in the last trading session.</a></li>
 <li><span>2</span> <a>JUP is expected to break out sharply in the coming sessions.</a></li>
</ul>
<p>In the last session, JUP observed a long rejection doji candlestick, which showed buyers’ anticipation of registering a massive breakout soon. Per yesterday’s price move, the token was eyeing for something big to showcase ahead.</p>
<p>At press time, the <strong>Jupiter token</strong> was trading at $0.7887 with an intraday drop of 1.26%, reflecting neutrality on the chart. It has a monthly return ratio of -26.30% and 2653.20% yearly, reflecting short-term profit booking.</p>
<p>The pair of JUP/BTC was at 0.0000135 BTC, and the market cap stood at $1.07 Billion. Analysts are neutral and suggest that <strong>JUP </strong>may break out of a range and retain the mark of $3.</p>
<h2 class="wp-block-heading" id="strong-jupiter-jup-looks-promising-could-it-rally-ahead-strong"><strong>Jupiter (JUP) Looks Promising: Could it Rally Ahead?</strong></h2>
<p>The <strong><a href="https://www.thecoinrepublic.com/2024/02/13/jupiter-price-forecast-jup-token-price-drops-what-next/" target="_blank" rel="noopener noreferrer nofollow">Jupiter token</a></strong> has been trading in a downtrend for the past few weeks, but buyers had established a strong grip around the $0.7500 mark and decisively held the gains.&nbsp;</p>
<p>In yesterday’s session, buyers attempted to split the zone but could not surpass the cluster of $1 and faced rejection. However, the token looks promising and is ready for a surprising move ahead.</p>
<p>Buyers would gain momentum once it crosses the $0.9000 mark, and a sharp, bullish move could be seen ahead. Notably, a trend reversal is on the horizon, and a falling wedge breakout was also observed on the chart.</p> <iframe loading="lazy" title="Santiment Chart: Price (JUP), Volume (JUP)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=jupiter-ag&amp;pt=JUP&amp;df=2024-01-03T18%3A29%3A59.114Z&amp;dt=2024-07-03T18%3A29%3A59.114Z&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd&amp;wax=0%3B1&amp;wc=%2326C953%3B%23D2D6E7&amp;ws=%7B%22interval%22%3A%221d%22%2C%22node%22%3A%22candle%22%7D%3B" scrolling="no"></iframe>
<p class="has-text-align-center">JUP Price Volume Chart | Source: Santiment</p>
<p>Intraday trading volume surged over 102.30% to $133.54 Million, highlighting investor interest with a strong volume participation.</p>
<p>Notably, the RSI curve produced a positive crossover for the key technical indicators, while the MACD indicator revealed a bullish outlook for the coming sessions.</p>
<h3 class="wp-block-heading" id="strong-uptick-in-weighted-sentiment-data-reveals-optimistic-outlook-strong"><strong>Uptick in Weighted Sentiment Data Reveals Optimistic Outlook</strong></h3>
<p>Per the Santiment data, the weighted sentiment data reflected a massive rise of over 220% to 1.236, highlighting a positive sentiment among investors.</p> <iframe loading="lazy" title="Santiment Chart: Price Volatility 1d (JUP), Weighted sentiment (Total) (JUP)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=jupiter-ag&amp;pt=JUP&amp;df=2024-01-03T18%3A29%3A59.114Z&amp;dt=2024-07-03T18%3A29%3A59.114Z&amp;emcg=1&amp;emhwm=1&amp;wm=price_volatility_1d%3Bsentiment_volume_consumed_total&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p class="has-text-align-center">Weighted Sentiment Chart | Source: Santiment</p>
<p>However, the price volatility data remained flat around the 0.024 mark, implying a steady price movement this week. A tweet by @TubbingsW highlighted that <strong>JUP </strong>displayed a massive spike due to an egregious amount of buying.&nbsp;</p>
<center>
 <blockquote class="twitter-tweet">
  <p lang="en" dir="ltr">Who tf just bought an egregious amount of <a href="https://twitter.com/search?q=%24JUP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$JUP</a>? <a href="https://t.co/5XevFoMMiu" rel="noopener noreferrer nofollow">pic.twitter.com/5XevFoMMiu</a></p>— Sir TubbingsWorth <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9f2.png" alt="🧲" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@TubbingsW) <a href="https://twitter.com/TubbingsW/status/1808753997777379625?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 4, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</center>
<p class="has-text-align-center">JUP Price Movement Chart | Source: X</p>
<h3 class="wp-block-heading" id="strong-social-metrics-and-development-data-insights-strong"><strong>Social Metrics and Development Data Insights</strong></h3>
<p>The social dominance data displayed a remarkable rise of over 11% to 0.22%, indicating neutral discussion activity on social media platforms.</p> <iframe loading="lazy" title="Santiment Chart: Social Dominance (JUP), Development Activity (JUP)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=jupiter-ag&amp;pt=JUP&amp;df=2024-01-03T18%3A29%3A59.114Z&amp;dt=2024-07-03T18%3A29%3A59.114Z&amp;emcg=1&amp;emhwm=1&amp;wm=social_dominance_total%3Bdev_activity&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%238358FF&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22transform%22%3A%7B%22type%22%3A%22moving_average%22%2C%22movingAverageBase%22%3A42%7D%2C%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p class="has-text-align-center">Social Dominance data | Source: Santiment</p>
<p>Meanwhile, the development activity data consistently rose and reached the 90 mark, giving a positive outlook.</p>
<h3 class="wp-block-heading" id="strong-massive-increment-in-futures-oi-data-strong"><strong>Massive Increment in Futures OI Data</strong></h3>
<p>Amidst the price rejection from the $1 mark, a sharp surge in the open interest data suggests that the token could bounce.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="231" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-46-1024x231.png" alt="JUP" class="wp-image-210446" style="width: 100%" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-46-1024x231.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-46-300x68.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-46-768x173.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-46-750x169.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-46-1140x257.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-46.png 1419w" sizes="(max-width: 1024px) 100vw, 1024px">
 </figure>
</div>
<p class="has-text-align-center">OI Data By Coinglass</p>
<p>The open interest value spiked over 33.20% to $61.72 Million in the last 24 hours, revealing the long buildup activity.</p>
<p>The immediate support levels for <strong>JUP </strong>are $0.7600 and $0.7400, whereas the key upside hurdle is around $0.8000, followed by $0.8400</p>
<h3 class="wp-block-heading" id="strong-jup-crypto-price-displayed-a-massive-rise-strong"><strong>JUP Crypto Price Displayed a Massive Rise</strong></h3>
<p>The <strong>JUP token price </strong>retained the 20-day EMA mark and is eyeing a massive rise. The price action indicates that a trend reversal is imminent.</p>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.</p>

Jupiter (JUP) Price Skyrockets On This Crypto Exchange, Why?

Indice dei contenuti

Thecoinrepublic.com

Altri articoli pubblicati su 4 lug 2024

Investor Sells Michi Tokens for Profit

Trump May Adopt FIT21 Bill for Crypto Regulation, Says Rep. Hill

Dogwifhat Price Prediction: WIF Drops 13%, But Here’s Another Crypto Traders Are Eyeing for Super...

Ethereum restaking protocol Symbiotic crosses $1 billion TVL in a month

Venus Offers Lending on BNB Smart Chain

Cryptocurrencies Show Signs of Recovery

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!