Jupiter (JUP) price prediction 2024, 2025-2030, we will analyze the price patterns of JUP by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
Jupiter (JUP) Current Market Status
What is Jupiter (JUP)
Jupiter serves as Solana’s primary liquidity aggregator, facilitating seamless token trading and optimal route discovery across various DEX markets and AMM pools. Its native cryptocurrency, JUP, launched on January 31, 2024, gained significant investor interest with a 1 billion airdrop.
Jupiter directly connects all DEX markets and AMM pools regardless of the provider, enabling efficient route discovery between any two tokens on Solana. Recognized as one of the industry’s most advanced swap aggregation engines, Jupiter plays a pivotal role in providing essential liquidity infrastructure for the Solana ecosystem. Additionally, Jupiter actively expands its DeFi product suite, offering a comprehensive range of services, including Limit Order, DCA/TWAP, Bridge Comparator, and Perpetuals Trading.
Jupiter (JUP) 24H Technicals
(Source: TradingView)
Jupiter (JUP) Price Prediction 2024
Jupiter (JUP) ranks 67th on CoinMarketCap in terms of its market capitalization. The overview of the JUP price prediction for 2024 is explained below with a daily time frame.
In the above chart, Jupiter (JUP) laid out a Horizontal Channel. Also known as the sideways trend. In general, the horizontal channel is formed during the price consolidation. In this pattern, the upper trendline, the line which connects the highs, and the lower trendline, line which connects the lows, run horizontally parallel and the price action is contained within it.
A horizontal channel is often regarded as one of the suitable patterns for timing the market as the buying and selling points are in consolidation.
At the time of analysis, the price of Jupiter (JUP) was recorded at $1.13. If the pattern trend continues, then the price of JUP might reach the resistance levels of $0.5820 and $0.7520. If the trend reverses, then the price of JUP may fall to the support of $0.5144 and $0.4527.
Jupiter (JUP) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Jupiter (JUP) in 2024.
From the above chart, we can analyze and identify the following as resistance and support levels of Jupiter (JUP) for 2024.
Jupiter (JUP) Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Jupiter (JUP) are shown in the chart below.
From the readings on the chart above, we can make the following inferences regarding the current Jupiter (JUP) market in 2024.
Jupiter (JUP) Price Prediction 2024 — ADX, RVI
In the below chart, we analyze the strength and volatility of Jupiter (JUP) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
From the readings on the chart above, we can make the following inferences regarding the price momentum of Jupiter (JUP).
Comparison of JUP with BTC, ETH
Let us now compare the price movements of Jupiter (JUP) with that of Bitcoin (BTC), and Ethereum (ETH).
From the above chart, we can interpret that the price action of JUP is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of JUP also increases or decreases respectively.
Jupiter (JUP) Price Prediction 2025, 2026 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Jupiter (JUP) between 2025, 2026, 2027, 2028, 2029, and 2030.
Conclusion
If Jupiter (JUP) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Jupiter (JUP) price prediction for 2024 is $0.6995. Comparatively, if unfavorable sentiment is triggered, the bearish Jupiter (JUP) price prediction for 2024 is $0.4317.
If the market momentum and investors’ sentiment positively elevate, then Jupiter (JUP) might hit $1 Furthermore, with future upgrades and advancements in the JUP ecosystem, JUP might surpass its current all-time high (ATH) of $2.04 and mark its new ATH.
This content was originally published by our partners at The News Crypto.