Jupiter falls over 8% as sellers respond to spike in Jupiter Lend deposits

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Jupiter slides 8.04% today

Highlights

Jupiter protocol increased deposits for Jupiter Lend and continued using protocol revenue for JUP buybacks, managed by the Jupiter DAO.
Fee income supporting JUP buybacks depends on actual lending activity rather than deposit volume, as token price faces selling pressure.
JUP trades near $0.3018, with sellers dominating intraday action and a 5-day range of $0.2624 to $0.3379 forecasted.

Buyback program continues as fee income growth fails to lift sentiment

Recent activity around the Jupiter token included a rise in deposits for Jupiter Lend and an ongoing policy of using protocol revenue for JUP buybacks. Fee income available for buybacks is determined by actual lending activity, rather than mere deposit volume. The Jupiter DAO has executed buybacks and managed token circulation changes, though price action has remained under broader selling pressure.

Anton Kharitonov, expert at Traders Union, points to persistent short-term selling pressure as JUP struggles below its 20-day moving average. He notes that despite protocol buybacks, recent deposit flows have triggered a defensive market reaction. The divergence in momentum indicators, such as a positive MACD amid other bearish oscillators, underlines market uncertainty. Kharitonov highlights the risk of further losses if support at $0.2969 fails and sees little fundamental relief from buyback policy. He warns, "Until sentiment shifts and technicals confirm stabilization, any recovery attempts in JUP remain highly fragile."

Viktoras Karapetjanc, expert at Traders Union, sees opportunity in Jupiter's underlying growth and active DAO management. He emphasizes that ongoing protocol buybacks and lending activity signal a bullish structure in the long term. Karapetjanc expresses confidence in support near $0.283 and highlights the favorable MACD as a positive sign. He adds that the current setup offers multiple entries for forward-looking investors if $0.3138 is reclaimed. "I expect further growth as protocol fundamentals and token management continue to drive recovery potential for JUP," says Karapetjanc.

Sholanke Dele, market strategist, notes that sellers are clearly dominating in the short term as shown by heavy pressure after the open. He is cautious about the reliability of recent deposit-driven activity and questions the efficacy of fee-based buybacks while price stays weak. Dele remains skeptical of a quick rebound given the oversold momentum readings and persisting bearish sentiment. "This is a market where risks outweigh rewards and any optimism should be kept in check for now," Dele concludes.

Mixed momentum signals as short-term pressure meets longer-term support

JUP/USD is currently trading below the 20-day moving average at $0.341, but above both the 50-day ($0.283) and 200-day ($0.2144) moving averages. This setup indicates short-term selling pressure, medium-term support, and continued confirmation of a bullish long-term structure. Immediate resistance is seen at $0.3138, with support at $0.2969. Momentum signals present a mixed picture: MACD remains a strong buy, while the ADX shows a declining trend. RSI points to neutral conditions with a tilt toward selling, the Stochastic RSI is oversold at 0, and the CCI also suggests a sell. Bull/Bear Power signals intraday sellers are in control. The tone is heavy with pressure after the open, and oscillators reflect sellers dominating intraday, despite a positive MACD and divergence in momentum indicators.

Earlier, analysts noted that Jupiter had been experiencing persistent downside momentum, with supply reduction measures struggling to offset ongoing selling pressure. The current analysis strengthens this view, highlighting that JUP remains vulnerable to further losses if support at $0.2969 fails, making this level a critical pivot to monitor in the coming days.

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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