The JUP market is in the intersection. On the one hand, it is faced with strong sales pressure, and on the other hand, it is supported by positive news and technology recovery signals.
Will JUP soon find the floor or continue slide down?
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Fundamental
Jupiter has recently announced a series of important developments that can serve as a mid -term catalyst. The project started the Jupnet integrated with Bitcoinkit and opened the door of the default BTC crosschain Defi. Success can improve the actual use of Jupiter by making it easy to flow with Defi applications such as BTC Capital, such as loans, output agriculture and multi -chain fluidity.
At the same time, 21Shares, one of Europe’s most famous password investment product publishers, unveiled Ajup, the same product, such as ETP, which can be directly exposed to JUP. The existence of Ajup helps JUP reduces the dependence on retail -centered flow and raises awareness in traditional markets.
Effective implementation will enhance the ability to improve the usefulness of the ecosystem and attract the institutional capital of Jupiter.
Technical Signal: Bounce potential in the $ 0.41 area
However, in the field market, JUP was under great pressure as the price plummeted from the highest point. According to Beincrypto’s data, JUP decreases 78% from the highest ever, indicating a steep jup drop. While trading volume and liquidity data emphasize the size of selling, the market capitalization and tvL suggest a gap between price behavior and hotint foundation.
Technically, the short -term chart shows that the JUP is slightly splashed from the support of about $ 0.41. The moving average near 0.44 to $ 0.45 serves as a key resistance level. Indicators such as MACD gives hints on optimistic crossovers, while RSIs go up from overburdened territory. This represents a fair opportunity of short -term recoil.
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But bears still dominate the overall momentum. The decisive rest of $ 0.45 or more can be aimed at $ 0.48 next.
In other words, community feelings play an important role. Partnership may not be enough. Many community members can support price behaviors by requiring measures such as repurchase or token burns to reduce circulation supply and restore trust.
“YALL NEEDA adds more repurchase and burns or something. This is a poor price behavior. I know that YALL is making a dung tone, and there must be a healthy warchest that can draw a good chart that will give you something reliable to investors and holders.” -Then mentioned by X users.
According to DEFILLAMA’s data, Jupiter still shows that it is still one of four dex aggregates in terms of trading volume for the last 24 hours. Cumulative fees and imports so far are $ 12.4 billion and $ 333 million, respectively.
Also, as reported by Beincrypto, assigning a JUP Starkers to 3% TGE of Meteora is considered a wise fluid movement for staying and creating sustainable token demand. Liquidity and staying initiatives can relieve short -term sales pressure and improve the warm chain structure.
In summary, JUP’s recovery path is practical but not automatic. It can effectively execute a positive catalyst, whether the pressure is sold even if it can be sold, and to restore the trust of community through governance measurement or significant warmth adjustment.