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Jupiter JUP Price Surges Past $0.60 Amid Increased Market Activity
Jupiter (JUP) is trading at $0.6005 after posting a 24-hour gain of 11.92%. The token experienced notable intraday volatility, fluctuating between a low of $0.5332 and a high of $0.6306. Market capitalization has climbed to $1.74 billion, while trading volume jumped 63.05%, reaching $149 million. These metrics reflect growing investor interest and strong bullish momentum across the board.
Crypto analyst on X with the handle @CryptoCharmer recently shared a technical outlook showing JUP testing and breaking through the critical $0.60 resistance level. We can see from the 4-hour chart that prices are rising quickly which demonstrates strong demand. According to RSI, the market has reached an overbought stage and strong buy pressure. Breaking $0.60 encourages buyers, therefore helping to push the price even higher. People trading here ought to watch for reversals, given that the RSI is high.
JUP Near $0.60 With Signs of Short-Term Weakness
At the time of writing, JUP trades near $0.600 following a minor decline from its daily high. The 5-minute chart signals weakening bullish momentum. The MACD shows a bearish crossover, with the MACD line slipping below the signal line and red histogram bars forming. Concurrently, the RSI has dropped to 33.17, approaching oversold conditions. These indicators suggest that a brief correction may be underway.
Support is now seen near $0.5860 and further down at $0.5650, which previously acted as consolidation zones. If sellers intensify, the RSI may dip below 30, signaling deeper downside potential. On the other hand, a volume-driven reversal from these support levels could see bulls attempt to reclaim the $0.6200 zone. Sustained momentum might then push JUP toward the $0.6300 barrier once more.
Beyond price movement, Jupiter Exchange revealed plans to enter the decentralized lending space by collaborating with 0xFluid. The joint platform, named Jupiter Lend, is positioned as a next-generation money market built on the Solana blockchain. According to the announcement, the launch is expected in Summer 2025. Blending the liquidity model from Jupiter with 0xFluid’s lending technology will help offer Solana users an upgraded DeFi lending experience.
This achievement is significant for Jupiter’s network and may improve JUP’s future capabilities. Crypto experts are keeping an eye on the Solana market to find out if DeFi will see strong demand and how adopters respond to its steady growth.
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