Jupiter price jumps as token buying pressure builds

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Jupiter rises 10.08% today to $0.1616

Highlights

Recent token unlocks have increased selling pressure on Jupiter, contributing to decreased liquidity and lower trading volume.
Trading activity has fallen below the 30-day average, reflecting weaker participation and sentiment in the asset.
JUP/USD remains under sustained seller control, trading below key levels with a likely consolidation between $0.15 and $0.17; technical signals indicate weak momentum and low probability of a near-term rebound.

Selling pressure intensifies as token unlocks and liquidity decline

Recent on-chain developments for Jupiter include increased selling pressure due to recent token unlocks and a decrease in liquidity. Trading volume has fallen below its 30-day average. These factors are contributing to the current activity in the asset.

Anton Kharitonov, expert at Traders Union, notes that Jupiter's recent gain is not supported by underlying strength. He sees the price holding below key moving averages and technical signals flashing weakness. The lack of positive momentum on multiple timeframes concerns him. Deteriorating sentiment from increased selling pressure and falling liquidity reinforces this cautious view. "Until core indicators and on-chain flows improve, I see little reason for optimism here," says Kharitonov.

Viktoras Karapetjanc, expert at Traders Union, views the current pullback as a period of healthy consolidation for Jupiter. He highlights that short-term volatility and increased selling are typical after token unlocks and do not disrupt the broader market narrative. He sees latent opportunities developing if the price challenges Kijun resistance at $0.1841 and expects buyers to return once technical hurdles clear. "Bullish structure remains intact, and I believe further growth can be unlocked as the market digests recent supply," Karapetjanc states.

Sholanke Dele, market strategist, believes traders should be wary with Jupiter at these levels. He points to weak momentum readings and a pronounced lack of follow-through after the intraday bounce. Dele sees the post-unlock environment as a signal for caution, not opportunity. "The present setup does not justify risk, and a deeper slide below $0.15 cannot be ruled out," says Dele.

Oversold momentum signals as price nears session highs amid weak trends

JUP/USD is trading below key levels, with the price at $0.1616 under the 20-day ($0.1825), 50-day ($0.1939), and 200-day ($0.1879) moving averages, signaling sustained seller pressure across short, medium, and long-term timeframes. The nearest dynamic resistance is the Ichimoku Kijun level at $0.1841, with minor moving average support seen near $0.1542. Momentum readings are mixed: MACD and the Average Directional Index (ADX) both suggest weak directional momentum, with MACD signaling sell and ADX at low values. The Relative Strength Index (RSI) is in oversold territory, reading 34.2, with the Commodity Channel Index (CCI) likewise oversold at -134.2 and Stochastic RSI deeply oversold. Bull/Bear Power (BBP) is negative, indicating sellers dominate intraday momentum, with the indicator still on a sell signal. The daily session opened with a small upside gap of $0.0005. The price is currently near the high of today’s range, having climbed 10.08% since the open. Intraday volatility stands at 9.57%, reflecting a strong tone toward session highs. Divergences exist as intraday bullish action contrasts with weak daily and weekly momentum signals.

Earlier, analysts noted that Jupiter had entered a bullish technical setup, with momentum and volatility previously favoring buyers. The latest action reveals a marked shift toward sustained selling pressure and oversold conditions, highlighting the need for traders to monitor whether a close above $0.17 can revive bullish momentum or if further breakdown is likely below $0.15.

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

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