Jupiter (JUP) has reignited market attention with a decisive bullish breakout, signaling renewed strength after weeks of consolidation. It highlights that buyers have taken control and are setting the stage for potential continuation toward higher resistance levels.
At the time of writing, JUP is trading at $0.5615 with a 24-hour trading volume of $82.83 million and a market capitalization of $1.74 billion. The JUP price over the last 24 hours is up by 5.24%, and over the last week it is also up by 15.24%.
Source: CoinMarketCap
Also Read: Jupiter (JUP) Price Prediction: Experts Eye $1.11 to $2.04 Range by 2025
Moreover, the crypto analyst, Jonathan Carter, highlighted that after a month of lateral movement, Jupiter (JUP) has finally validated a breakout from a symmetrical triangle formation, one of the most dependable technical configurations in cryptocurrency markets.
The period of consolidation witnessed price squeezing locked down tightly as the bears and bulls fought for dominance and created pressure for a clear direction. That breakout has finally materialized, and that is with buying pressure in complete control.
The bull push is validated by a trading volume explosion, a crucial factor that confirms the reality of the breakout. The volume explosion is a sign that demand is strong and the JUP’s pattern has a likelihood of persisting for the near term. Technicians say that pattern completions and big infusions are a green light for continuation rallies.
Source: X
Technically, various price targets are possible. Major levels are $0.60 as the initial resistance flips and $0.76 and $0.87 as midterm breakouts. On the higher side, the psychological level at $1.00 is seen as a big milestone, and a follow-through higher to $1.15 and $1.26 if momentum is maintained.
JUP derivatives data evidences ongoing strength. The open interest has risen to $162.86 million, recording a +10.75% increase, and trading volume was $222.72 million, recording a steep +49.87% spike. The increases point to growing activity and higher participation across the board.
Source: Coinglass
Conversely, the OI-weighted funding rate stands at 0.0059%, reflecting very stable market conditions and no notable difference between short and long positions, and the sentiment appears balanced.
Source: Coinglass
Also Read: Jupiter (JUP) Drops 4.94% — Will It Hit $0.60 or Slide to $0.32?
Also read: Will XRP Reclaim a Top 5 Spot by End of 2025? Market Analysts Weigh In
