Technical weakness and sell signals persist

Traders Union
All News
Crypto News
Jupiter slides 7.03% today to $0.1547

Highlights

Jupiter launched native staking as collateral for borrowing against staked SOL, expanded to six validators, boosting protocol TVL above $2 billion.
The 'Going Green' governance proposal aims for net-zero $JUP emissions by 2026, following a 3 billion $JUP burn and $70 million buyback allocation.
JUP trades at $0.1547, below key moving averages, with resistance at $0.1841 and a bearish short-term outlook (20% probability of price increase next week).

Protocol upgrades and governance shift drive higher user engagement

Jupiter has introduced native staking as collateral, enabling users to borrow against natively staked SOL in specific vaults and expanding this feature to six validators. The protocol's Total Value Locked (TVL) has surpassed $2 billion, reflecting elevated user participation. Additionally, Jupiter recently announced the 'Going Green' governance proposal that targets net-zero $JUP emissions by 2026, after conducting a 3 billion $JUP token burn and allocating $70 million for buybacks, with the current governance vote expected to influence token supply and platform incentives.

Broad bearish momentum as technicals align with selling pressure

JUP remains technically weak, trading below all key moving averages, with daily momentum signals pointing to persistent bearishness. MACD gives a strong sell signal and the ADX suggests the absence of a clear trend, while the RSI also shows downside bias. Oscillator readings are mixed, with an overbought Stochastic RSI, neutral Commodity Channel Index, and a neutral Awesome Oscillator; Bull/Bear Power highlights short-term selling pressure. The current price hovers near the session low within a volatile daily range of $0.1558 to $0.1660.

Consolidation outlook amid low odds for near-term rebound

In the short term, JUP is expected to consolidate within a volatility band of $0.1390 to $0.1690, with a less than 20% chance of a price rebound. The base scenario points to continued sideway movement unless buyers lift the price above the $0.1841 Kijun resistance, which could indicate a bullish reversal. Conversely, a sustained break beneath $0.1390 would increase the risk of a deeper decline.

Viktoras Karapetjanc, analyst at Traders Union, sees ongoing fundamental strength in Jupiter despite a challenging technical landscape. He notes robust user participation, an impressive $2 billion TVL, and strong governance initiatives aiming for net-zero $JUP emissions. Karapetjanc believes market optimism could build if buyers push above $0.1841, supported by the protocol’s recent developments. Although current momentum is weak, he remains positive on the long-term impact of Jupiter’s proactive strategies. "With such fundamental progress and active community engagement, I expect renewed investor interest once technical conditions align."

Last time, analysts noted that Jupiter is trading below its key moving averages, with persistent bearish momentum signals (MACD, ADX, RSI) and undefined immediate support, underscoring sustained seller dominance and low likelihood of a significant upside move. Despite some short-term buying interest, overall technical indicators point to continued downside risk and range-bound trading unless a clear breakout above resistance is achieved.

Source of Data: JUP Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.