JUP, the native token of the Jupiter exchange platform, jumped more than 12 % yesterday, making one of the most efficient altcoins of the day. The price continued its bullish momentum, climbing more than 2 % in the last 24 hours. At the same time, the volume of exchanges increased by more than 60 %, showing a strong and continuous interest of traders.
In short
- JUP jumped more than 12 % on Monday and remains upset with an increase of 2 % in the last 24 hours.
- The volume of exchanges increased by more than 60 % at the time of writing, showing a strong interest in traders.
- Technical analysis indicates a bullish break and a possible movement around $ 1.
The new Jupiter loan platform and the expanding ecosystem stimulate interest
The recent progression intervened after Jupiter announced on May 22 the launch of a new product called Jupiter Lend. Propelled by Fluid, a DEFI protocol, this loan platform must be launched in the summer of 2025. The exchange shared a short video promising a high ready-at-value ratio of 95 %. This strong characteristic could help push the price of JUP even higher. However, other wider factors are also at stake.
Two days later, on May 24, Jupiter revealed that he had treated $ 2,000 billion in volume on his platform. Users made 1.8 billion transactions and managed 7 million different assets. These figures show enormous activity and growth on the platform based on Solana. A growing ecosystem like this tends to strengthen user confidence and demand for native token, which can help raise the price.
Min Jung, analyst at Presto Research, told Decrypt that The price increase is not due to a unique event. On the contrary, a combination of factors stimulates the positive feeling of investors. An important reason is the sale of Huma Finance tokens, which rewards those who put tokens Jupiter in Staking and increases demand for JUP.
He also mentioned that the renewed interest in the same corners gives a boost to the market. As these tokens draw attention and gain value, Jupiter could ride this wave of enthusiasm.
The momentum of the market and the Bitcoin rally support the increase in the price of the jup
The price of bitcoin has been increasing lately, which probably also gives a boost to the JUP. The king of cryptocurrencies is now worth more than $ 109,000, and some analysts think that he could reach $ 120,000 in the coming days. In general, when Bitcoin goes up, other altcoins like JUP tend to follow the trend.
By observing the graphics, the Prix du JUP tells a clear story. From February to mid-April 2025, the token remained blocked in a descending channel. Then, at the end of April, the price broke this scheme, announcing a possible change to come.
Since then, the price of the JUP has evolved laterally between about $ 0.45 and $ 0.57. This fork suggests that the market takes a break to decide the next movement or accumulates tokens for an upward thrust.
The indicators are positive. The MacD line produced a Haussier crossing and the histogram bars go up. This confirms that the purchasing dynamics are strong and could continue unless it suddenly goes out.
The relative force index (RSI) is currently around 66.7, close to the overcrowding level of 70. This means that there is a solid purchase pressure, but also of the margin before a decline is likely.
Technical signals indicate a potential movement to $ 1
Many believe that after breakage, JUP could push around $ 1. Bitcoinsensus stressed that JUP was the best performer of the week Among the 100 main cryptocurrencies. He also noted that the token forms a Haussier reverse head-shoulder pattern, with a technical objective at $ 1.05.
World of Charts, another crypto analyst, shared on his page X that JUP breaks crucial resistance And expects a movement around $ 1 after this break.
Arjun Vijay, founder of Giottus, also gave his opinion. He told Decrypt that the rise of Jupiter is due to real growth, not for media threshing. He stressed that the total value locked on Solana has almost doubled since April, which boosts the volume of Jupiter's exchanges. Unlike the frenzy of the same corners in January, Vijay believes that the JUP rally is based on fundamental solids.
If these fundamentals hold, they could push the price of JUP even higher. The potential approval of an ETF Solana could also be a major catalyst, providing institutional investors with regulated access to Solana and tokens of its ecosystem such as JUP. This influx of capital could strengthen market liquidity and exchange volumes, in particular on platforms like Jupiter, built on blockchain.
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