Jupiter (JUP) Drops 4.94% — Will It Hit $0.60 or Slide to $0.32?

• JUP sees a near-5% drop amid increased trading volume.
• Analysts eye two critical demand zones amid ongoing price pullback.
• Conflicting forecasts show both upside potential and downside risk for 2025.

Jupiter (JUP), the native token of the Jupiter blockchain project, is currently undergoing a notable price retracement. As of the latest market data, JUP is trading at $0.4799,  a 4.94% decline in the past 24 hours. Despite the price drop, the asset’s 24-hour trading volume surged to $84.36 million, marking an 18.61% increase, indicating heightened investor activity and liquidity.

The decrease follows a seven-day declining pattern as JUP fell 9.91% during the last week. The recent short-term technical correction is indicated by the direction of the price movement.

Jupiter Faces Technical Correction

Crypto analyst CryptoPulse has noted that JUP is experiencing a technical correction after a recent leg higher. The token is currently heading towards a key demand area of $0.4420-$0.4255, which may outline the token’s immediate direction. If this area supports, the analyzer estimates possible take-profit points at $0.51, $0.55, and $0.60.

A break down below that area would, however, push JUP into the secondary demand area of $0.3630–$0.3255, presenting a fresh window of opportunity for strategic accumulation. The next few days are crucial, as those levels would be acting as points of decision-making for bulls as much as bears.

Also Read | Jupiter Moves Toward $0.64 As Volume Increases By 218%

JUP Price Forecast Remains Bullish

Long-term predictions have a polarized view of Jupiter’s future. Bullish hopes can be had through DigitalCoinPrice, as they foretell that through the end of 2025, JUP can once again visit the $1.03 mark and potentially return to its previously all-time high of $2.04.

Through their study, early 2025 can potentially reach as high as $1.26, yet the token can retrace back below the $0.73 mark.

Changelly technical forecast places their 2025 pricing within the range of $0.351 to $0.410 with an average trading price of around $0.468, producing only a moderate possible ROI of -11.9%. Their prediction for August of 2025 gives the possible low at $0.358 and high at around $0.468 and shows little upside room within the month.

Also Read | Jupiter Price Prediction: Can JUP Hit $2.1 After Bullish Surge?