Jupiter

Resistance

Gains

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/solana-based-liquidity-provider-jupiter-gains-attention-with-price-movements/" data-wpel-link="internal">Solana-Based Liquidity Provider Jupiter Gains Attention with Price Movements</a><br></p>
<p style="text-align: justify"><a href="https://en.coin-turk.com/solanas-remarkable-recovery-and-expansion/" data-wpel-link="internal">Solana</a>-based liquidity provider <strong>Jupiter (JUP)</strong> has been making headlines since its launch earlier this month, with a significant price drop of over 60% since the listing day following JUP token’s airdrop. Despite the decline, Jupiter anticipates a reversal of the downward trend, suggesting limited downside.</p> 
<h2 id="resistance-levels-for-jup">Resistance Levels for JUP</h2> 
<p style="text-align: justify">Following market volatility, <strong>the cryptocurrency</strong> Jupiter (JUP) saw an 8% price increase in the last 24 hours. Additionally, a 62% surge in trading volumes could signal a strong upward rebound. Currently, <strong>Jupiter (JUP)</strong> is showing volatility within the range of $0.461 to $0.578, reflecting the general trends of the cryptocurrency market. The 10-day moving average is slightly below the 50-day moving average of $0.514, at $0.491, which could indicate a moderate short-term uptrend.</p> 
<p style="text-align: justify">While the fundamental support levels are at $0.3 and $0.416, resistance levels are noted at $0.649 and $0.765. This could outline a broad trading range that investors are closely monitoring for potential breakout or consolidation signals. Some analysts believe that <strong>JUP</strong> could soon reach its listing price of $1.29, which would mean nearly a 200% gain from the current level.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-314987 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/jup.jpg" alt="" width="1316" height="663"></p> 
<h2 id="developments-in-jupiter">Developments in Jupiter</h2> 
<p style="text-align: justify">The recent increase in JUP’s price can largely be attributed to the Jupiter Working Groups (JWG) initiative launched by the <strong>Jupiter</strong> founder. This initiative aims to revitalize the Jupiter ecosystem by fostering collaboration between a dedicated community and experienced DAO professionals, and by generating new ideas.</p> 
<p style="text-align: justify">The launch of JWGs could indicate a dynamic period for the Jupiter (JUP) ecosystem. It is also expected to catalyze innovation and establish a solid foundation for sustainable growth. By encouraging community participation in both JWGs and the broader Jupiter <strong>(JUP)</strong> network, the project could be better equipped to overcome challenges posed by volatile market conditions.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/solana-based-liquidity-provider-jupiter-gains-attention-with-price-movements/" data-wpel-link="internal">Solana-Based Liquidity Provider Jupiter Gains Attention with Price Movements</a></h5>

Solana-Based Liquidity Provider Jupiter Gains Attention with Price Movements

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