Jupiter falls amid sustained seller pressure and oversold momentum

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Jupiter drops 8.72% today to $0.3005

Highlights

Jupiter has adopted a buyback policy funded by protocol revenue, directly decreasing circulating supply via planned JUP token purchases.
The protocol introduced Jupiter Lend to broaden into lending and perpetual futures, but token demand still depends on governance and staking.
JUP/USD trades below short- and medium-term moving averages, with strong downside momentum and an expected price range of $0.2844 to $0.3166 over the next 2 to 3 trading days.

Supply reduction efforts offset by persistent selling pressure

Jupiter has implemented a buyback policy funded by protocol revenue, which can directly affect the available supply of JUP tokens through periodic market purchases, according to Btcc. This action, if fully executed and backed by sustained revenue, has the potential to support price by lowering outstanding float. The protocol has also expanded into lending and perpetual futures through the introduction of Jupiter Lend, increasing its set of financial services, though the impact on token demand remains tied mainly to governance and staking. These measures have occurred as price action has remained under broader selling pressure.

Failed moving average retests compound oversold momentum indicators

On the technical front, JUP has failed to reclaim the MA-20 at $0.3136 and the MA-50 at $0.3236 on the hourly chart, while remaining above the MA-200 at $0.2144 on the daily timeframe. Immediate resistance is marked by the Ichimoku Kijun at $0.3163. Momentum indicators show MACD and ADX signaling a persistent sell bias, while the RSI is deeply oversold at 27.24. CCI also confirms oversold conditions. The Stochastic RSI reads neutral, highlighting divergence among oscillators. Both Bull/Bear Power and the Awesome Oscillator confirm intraday selling dominance and reinforce ongoing downside momentum.

Sideways price outlook hinges on resistance and support breakouts

Over the next two to three trading days, JUP is expected to fluctuate within a range of $0.2844 to $0.3166, in line with its volatility band relative to current levels. The base scenario anticipates largely sideways movement along this corridor. A bullish reversal would require a definitive breakout above $0.3166 resistance, while failure of support at $0.2844 could extend further losses.

Viktoras Karapetjanc, expert at Traders Union, sees Jupiter’s buyback policy as a strong step in aligning protocol revenue with token value. He believes the expansion into lending and perpetuals could bolster the ecosystem’s fundamentals over time. However, the current technicals and prevailing sentiment are still tilted to the downside. 'I remain optimistic on Jupiter’s long-term prospects, but a sustained reversal likely depends on renewed buying flow and confirmation above key resistance at $0.3166.'

Earlier, analysts noted that Jupiter was experiencing persistent downside momentum with limited prospects for a near-term recovery. The latest analysis strengthens this view, highlighting that further losses could occur if key support at $0.2844 fails to hold despite ongoing protocol initiatives.

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.