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- The 24-hour trading volume of the JUP crypto has decreased by 40%.
- In terms of the trading volume, Jupiter token ranks 15th in the cryptocurrency market.
Jupiter, a leading swap aggregation engine in the industry, excels in providing essential liquidity infrastructure for the Solana ecosystem. In addition, Jupiter is actively extending its range of DeFi products, which comprises a comprehensive suite that includes Limit Order, DCA/TWAP, Bridge Comparator, and Perpetuals Trading.
After a strong buying momentum, the JUP crypto has reacted negatively and the past profit has been eroded. The Jupiter crypto is trading at $0.543 and its value has dropped by 3.81$ in the last 24 hours. Its fully diluted market cap is $5,436,864,215.
The market capitalization of Jupiter is $737 million and in terms of the market cap, JUP ranks 88th in the cryptocurrency market. The trading volume of Jupiter token is $345.73 million.
The circulating supply of the Jupiter token is 1,350,000,000 JUP while the maximum and total supply is 10,000,000,000 JUP.
Technical Analysis of Jupiter Crypto Price Over 4-Hour Timeframe
On a 4-Hour time frame, the Jupiter token price has been in a bearish trend since February 01, 2024 and declined by 20% in three days. The JUP price has dropped below the last swing low with a strong negative candlestick.
If the Jupiter price takes support from the $0.500 hurdle and buyers become active, the price may rise to form a new lower high. However, if the JUP price surpasses the last lower high, then the price may perform positively.
On the other hand, if the JUP token price rises and fails to reach the last lower high, sellers may dominate and the bearish trend may continue and it may continue its fall by forming lower lows and lower highs.
Jupiter Token Price Technical Analysis Over 1-D Timeframe
On a daily time frame, the Jupiter crypto price is facing rejection from the $0.660 hurdle. According to the analysts, the JUP price will remain bearish below the $0.700 mark. If the JUP price rises and faces resistance from the $0.660 and slips below the recent low, sellers may drag down the price and a bearish trend can be initiated.
On the other hand, if the Jupiter price rises and sustains above the $0.700 level, a buying momentum can be seen and the $1 mark can be reached in the next few days.
Jupiter Price Prediction FAQs
What is the Jupiter price prediction today?
The Jupiter price is forecasted to gain 0.00% to reach $0.544 by today.
What is the JUP crypto price prediction tomorrow?
Based on our analysis, the JUP price will fall by 4.06% to hit $0.519 by tomorrow.
What is the Jupiter price forecast for this week?
According to our analysis, the JUP token price is forecasted to remain bearish. The JUP price may range between $0.543 and $0.453 by the end of this week.
What is the current JUP sentiment?
The current JUP price prediction sentiment is bearish according to our technical analysis.
Conclusion
As per the chart structure, the Jupiter token price has been in a negative trend for the last four days. The RSI is at 25 which indicates selling pressure and it is continuously heading toward the oversold zone. The Jupiter token has been trading below the 20-day moving average which confirms the bearish sentiment.
Technical Levels
Resistance: $0.635 & $0.770
Support: $0.525 & $0.400
Disclaimer
Investing in cryptocurrencies and other Initial Coin Offerings (“ICOs”) is especially volatile and speculative, and this article does not advise investing in cryptocurrencies or other ICOs. Since everyone is unique, a certified professional should be continually consulted before making any economic decisions.
