$JUP Price Prediction: Up 10% to $1 By End of October?

Bittime - $JUP Price Prediction: Up 10% to $1 By End of October? Bittimers, the Jupiter token ($JUP) continues to attract attention with its positive performance in recent weeks.

With a price increase of 4.55% in the last 24 hours, many are predicting that $JUP could reach $1 (equivalent to Rp15,600) by the end of October.

In this article, we review the $JUP price prediction and the factors affecting its price movement in the near future.

Also read Tomarket Daily Combo Latest October 22 Today

$JUP Performance: Positive Trend and Bullish Sentiment

Currently, $JUP is trading at $0.899326 (approx. IDR14,034), with a gain of 4.55% in the past day.

The token has also performed well against BTC and ETH, registering gains of 4.78% and 4.29% respectively.

In the last 30 days, $JUP has seen a 12.12% price increase, indicating a fairly significant positive trend amidst crypto market volatility.

According to the latest analysis, the market sentiment for Jupiter is currently bullish, with 83% of indicators supporting positive predictions.

This is reinforced by the token's position above the 200 SMA, indicating that $JUP is in a long-term bullish trend.

$JUP Price Prediction for End of October

According to the latest price prediction, $JUP is expected to rise to $1.17 on October 24, 2024, which translates to a 30.65% increase in the next few days.

However, there are also moderate predictions that expect the price of $JUP to reach $1 (approx. IDR15,600) by the end of October, reflecting a potential upside of 10% from the current price.

Also read Bitcoin MACD Indicator Bullish, Bitcoin Price to Break $70,000?

Factors driving this upward prediction include:

1. Positive Market Sentiment

With the Fear & Greed Index showing a score of 72 (Greed), there is great optimism in the crypto market right now. This could be a major boost for $JUP to continue rising towards its $1 price target.

2. Strong Performance Against BTC and ETH

$JUP has managed to perform solidly against the two largest cryptocurrencies, indicating high interest from crypto investors and traders.

3. Low Volatility Trend

In the last 30 days, $JUP's volatility stands at only 6.99%, which is quite low for a cryptocurrency. Lower volatility can create more stable conditions for consistent price movements.

JUP Support and Resistance Levels to Watch Out For

In the near term, it is important for traders to monitor the key support and resistance levels of $JUP:

- Support Levels

$0.829907 (approximately €12,948), $0.793708 (approximately €12,385), and $0.771804 (approximately €12,028). If the price of $JUP drops below these levels, there is a possibility of further correction.

- Resistance Level:

$0.888010 (around IDR13,853), $0.909914 (around IDR14,190), and $0.946113 (around IDR14,760). If the price manages to break these resistances, the price target of $1 (approx. IDR15,600) will be more likely to be reached.

Conclusion: Potential $JUP Price Rise to $1?

The price forecast for Jupiter ($JUP) towards the end of October looks positive. With steady gains in recent days and bullish market sentiment, there is a great chance for $JUP to reach $1 (approx. IDR15,600) in the near future.

Bittimers interested in $JUP should monitor support and resistance levels, and pay attention to trading volume trends to maximize opportunities in this crypto market.

How to Buy Crypto on Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.