$JUP Price Surges, Jupiter's Bull Run Has Started?

Bittime - The price of $JUP from Jupiter has increased significantly, raising the question of whether Jupiter's bull run has begun.

How is the $JUP price outlook? Read this article to find out more!

$JUP Price in Last 24 Hours

Price $JUP managed to increase by 6,80% in the last 24 hours, indicating strong positive momentum. 

Apart from that, Jupiter's performance against Bitcoin (BTC) And Ethereum (ETH) is also very impressive, with each recording an increase of 7,87% And 8,91%.

At the moment, price $JUP) traded in numbers $1,19, is still below the prediction of $1,55 which is expected to be achieved on November 22, 2024. 

This prediction shows an upside potential of approx 29,91% in the coming days. This momentum provides a positive signal that the market is supporting a bull run for the $JUP token. 

Read Also: Jupiter Price Prediction ($JUP): Potential Break of $2 in 2024-2025?

$JUP Price in the Last 1 Year

If look at performance in the last year, performance Jupiter no less interesting. The price of $JUP has soared by 64,41%, which proves that Jupiter has provided significant returns for long-term investors. 

In the last 30 days alone, the price of Jupiter has increased by 38,82%, while in the last 3 months the increase reached 53,53%.

However, even though this trend is positive, the price of $JUP is still 22.98% lower than the long-term target of $1,55 which is expected to be achieved on November 22, 2024. 

Technical Analysis of $JUP Price

Market sentiment towards Jupiter is currently in the bullish zone, with 91% of technical indicators giving a positive signal. 

Meanwhile, Fear & Greed Index are in numbers 90, which indicates a condition Extreme Greed.

Some technical levels that need to be observed for the price of $JUP are as follows.

1. Level support: $1,08, $1,05, And $1,01

2. Level resistance: $1.15, $1.19, and $1.22

Currently, the price of $JUP is around the resistance level $1,19. If this level is successfully broken, there is a high probability that the price will test the next resistance level at $1,22. 

Conversely, if the price experiences a correction, level $1,08 can becomes strong support that can support the price of $JUP.

$JUP Price, Jupiter Bull Run 

Seeing the bullish trend of $JUP price ongoing, many investors are wondering whether it is the right time to buy $JUP token? 

The answer depends on your investment strategy. With potential increases of up to 29,91% In the near future, Jupiter could be an interesting choice for those of you who want to take advantage of short-term trends.

However, keep in mind that market volatility remains high, with volatility in the last 1 month being in numbers 10,29%. For this reason, it is important to pay attention to support and resistance levels before making investment decisions.

Read Also: Jupiter Does Not Charge Fees for Swap Operations

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