Will Jupiter hold $0.1846 support as bearish outlook persists?

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Jupiter drops 7.13% as volume jumps

Highlights

Jupiter remains the leading swap aggregator on Solana, maintaining a central position in blockchain liquidity and user activity.
Trading volume surged 77% above the 30-day average to $43.72 million, showing increased on-chain engagement despite ongoing selling pressure.
JUP/USD trades below key short- and medium-term moving averages with strong downside signals; the expected 2 to 3 day range is $0.2058 to $0.2292 with a high probability of further decline.

Volume surge and active flows as selling pressure persists

Jupiter remains the dominant swap aggregator on the Solana blockchain, a position that ensures the asset retains a central role in on-chain liquidity and user activity. Over the past day, trading volume climbed to $43.72 million, representing a 77% increase over its 30-day average and indicating elevated engagement and liquidity conditions. While this surge reflects robust transactional use, price action has remained under broader selling pressure.

Bearish momentum consolidates below resistance levels

On the H1 timeframe, JUP is trading below both the MA-20 at $0.2224 and the MA-50 at $0.2279, with the daily chart showing support from the MA-200 at $0.1846. The Ichimoku Kijun is situated at $0.227, serving as immediate resistance. Momentum metrics indicate a persistent bearish outlook: MACD gives a Strong Sell signal, ADX is Neutral, RSI stands at 41.1 and is flagged for Sell, and CCI also signals Sell. Both the Stochastic RSI and the Awesome Oscillator are Neutral, while Bull/Bear Power highlights clear intraday dominance by sellers.

Downside risk persists as recovery chances remain limited

In the coming 2–3 trading days, JUP is expected to consolidate within a price band from $0.2058 to $0.2292 as moderate volatility persists. The probability of an upward move remains very low, while downside risks are elevated and a rapid reversal appears unlikely. A sustained rally above $0.227 could pave the way for recovery, but a break below $0.2058 would likely confirm further selling momentum and open the door to additional losses.

Anton Kharitonov, expert at Traders Union, notes that Jupiter’s status as the main swap aggregator on Solana offers some structural support, but this has not translated into stability for the JUP price. He sees that technical momentum remains clearly bearish, with sellers dominating and little evidence of reversal. Kharitonov remains cautious until the asset confirms strength above $0.227. "As long as JUP trades under resistance, sellers set the tone — for now, the risks of further downside outweigh any rebound hopes."

Earlier, analysts noted that Jupiter’s strong trading activity and momentum positioned it for a potential upward move within the Solana DeFi ecosystem. The current analysis signals a notable shift, as sustained selling pressure now elevates downside risks, making a confirmed break below $0.2058 the critical level to monitor for further weakness.

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.