The JUP coin is currently trading at 0.50 USD with a 1.91% increase and a market capitalization of 1.52 billion USD. Some analysts believe that JUP is in a good position for further growth after breaking through the resistance level.
Some factors affecting the price of JUP:
- *Partnership with Fluid*: Jupiter has announced its upcoming DeFi product, Jupiter Lend, supported by Fluid, on Thursday. The exchange claims this is the most advanced money market in the Solana ecosystem.
- *Bullish pattern*: JUP has formed an inverted head and shoulders pattern, signaling a bullish technical outlook. The breakout target of 41% is calculated by adding the depth of the pattern to the neckline, aiming for a level of 0.82 dollars.
- *Uptrend*: JUP is in a strong uptrend, having increased by 15.58% in the past 24 hours and reaching a high of 1.2552 before a slight adjustment.
However, it should be noted that the cryptocurrency market is always volatile and carries risks. Investors should do thorough research before making investment decisions.
Some important technical milestones for JUP ¹ ²:
- *Support*: 0.57 dollars is an important support level
- *Resistance*: 0.82 dollars is a potential target
- *Forecast*: Some analysts predict that JUP may reach 1 USD in the near future.
Investors need to closely monitor the market and adjust their investment strategies accordingly.
$JUP
