Token

Jupiter

Million

Time

The Jupiter (JUP) token made a double bottom formation around $0.700 and saw a notable recovery in the last few weeks. It has retested the $1 mark and gained momentum.&nbsp;
Following the shift in the market dynamics and improved sentiments, the JUP token price recuperated from its bottom. It turned back over 50% in the last two weeks.&nbsp;
A bullish crossover was spotted, and the token climbed above the key moving averages. Notably, the token reached the cluster of $1 and was poised for a significant upmove.
A sustained potential upmove can be seen ahead once the JUP price comfortably crosses the $1 mark. Its technicals conveyed a potential trend reversal and anticipated an upward move ahead.
Interestingly, the token was on the brink of a breakout and looked bullish on the chart.&nbsp;
However, bulls have gained traction and accumulated the coin from its bottom. They have been eyeing to breach the $1.30 for a massive bull rally ahead.
<h2 class="wp-block-heading" id="h-how-is-the-jup-price-performing-right-now">How is the JUP Price Performing Right Now?</h2>
At press time, the Jupiter price traded at $0.959 with an intraday drop of 4.20%, reflecting neutrality on the charts. Its trading volume surged over 36.20% to $120.37 Million in the last 24 hours.
The pair of JUP/BTC was at 0.0000150 BTC, and the market cap was $1.30 Billion. Analysts were neutral and suggested that the JUP price may deliver a sharp rise above the $1.30 mark ahead.
Regarding the market cap, <a href="https://www.thecoinrepublic.com/price-prediction/jupiter-ag/" rel="noopener noreferrer nofollow">JUP</a> was ranked at 66 and has a total supply value of 10 billion.&nbsp;
<h2 class="wp-block-heading" id="h-jupiter-jup-gained-strength-rally-imminent">Jupiter (JUP) Gained Strength: Rally Imminent?</h2>
The Jupiter token’s price action showed a significant accumulation and revived from its bottom mark of $0.7000. Notably, the token has made a double bottom and recovered from the demand zone.
However, a significant slippage of over 4% was noted in intraday. The sellers firmed their grip around the $1 mark and decisively defended the zone. <iframe title="Santiment Chart: Price (JUP), Volume (JUP)" width="800" height="425" src="https://embed.santiment.net/chart?ps=lido-dao&amp;pt=LDO&amp;df=2024-01-25T18%3A29%3A59.887Z&amp;dt=2024-07-25T18%3A29%3A59.887Z&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bprice_usd%3Bjupiter-ag%3BJUP%5D%3B%5B1%3Bvolume_usd%3Bjupiter-ag%3BJUP%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
The RSI curve showed a vertical spike to the overbought zone and a significant reversal on the chart.
@CryptoTony, in his post on X, shared an update on JUP; he gave his bullish outlook on it and guided the upward projections.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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 <a href="https://twitter.com/search?q=%24JUP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$JUP</a> / <a href="https://twitter.com/search?q=%24USD&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$USD</a> – Update I am long above 0.86c and will hold this. Small entry with minimal loss risk if we do come down <a href="https://t.co/IXnPzBf3Rb" rel="noopener noreferrer nofollow">pic.twitter.com/IXnPzBf3Rb</a>— Crypto Tony (@CryptoTony__) <a href="https://twitter.com/CryptoTony__/status/1816401000212693419?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 25, 2024</a>
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Per the Fib levels, the token has an immediate 38.2% zone that exists near the $1.05. Above it, the token could extend its bullish leg ahead.
<h2 class="wp-block-heading" id="h-what-do-on-chain-metrics-say">What Do On-Chain Metrics Say?</h2>
The Weighted sentiment data revealed a dip, and the value dragged below the zero line, noted at -0.32. It indicated a negative sentiment and dilemma among the investors.
Likewise, the development activity data noted a significant drop in the higher levels. It plotted the drop in growth parameters in the JUP’s ecosystem. <iframe title="Santiment Chart: Weighted sentiment (Total) (JUP), Social Dominance (JUP), Development Activity (JUP)" width="800" height="425" src="https://embed.santiment.net/chart?ps=lido-dao&amp;pt=LDO&amp;df=2024-01-25T18%3A29%3A59.887Z&amp;dt=2024-07-25T18%3A29%3A59.887Z&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bsentiment_volume_consumed_total%3Bjupiter-ag%3BJUP%5D%3B%5B1%3Bsocial_dominance_total%3Bjupiter-ag%3BJUP%5D%3B%5B1%3Bdev_activity%3Bjupiter-ag%3BJUP%5D&amp;wax=0%3B1%3B2&amp;wc=%23FF5B5B%3B%23FFCB47%3B%235275FF&amp;ws=%3B%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>
The social dominance curve remained below the midline on the Social Front. It projected a decline in media discussion and chatter among investors.
Its Open Interest data surged over 5.15% to $63.48 Million, which signified fresh long additions in the last 24 hours.
The immediate support levels for the JUP token have been $0.9530 and $0.9300. In comparison, the key upside hurdle was around $0.9800, followed by $1.10.
<h2 class="wp-block-heading" id="h-jup-token-price-placed-above-significant-moving-averages-nbsp">JUP Token Price Placed Above Significant Moving Averages&nbsp;</h2>
The JUP token price comfortably placed above the significant moving averages and displayed a potential bullish reversal pattern.&nbsp;
Once it crosses the $1 mark, the token may resume to spread the bullish wave, and a significant upsurge can be seen ahead.
The post <a href="https://www.thecoinrepublic.com/2024/07/26/the-jupiter-jup-price-retested-1-mark-is-it-time-to-load-up/" rel="noopener noreferrer nofollow">The Jupiter (JUP) Price Retested $1 Mark: Is It Time To Load Up</a> appeared first on <a href="https://www.thecoinrepublic.com" rel="noopener noreferrer nofollow">The Coin Republic</a>.

The Jupiter (JUP) Price Retested $1 Mark: Is It Time To Load Up

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