Jupiter (JUP) is Flying: 70% Increase in 1 Week!

Over the past week, Jupiter (JUP) has seen a significant rise from $0.70 to the $1.20 – $1.30 range, gaining strong momentum. One of the primary catalysts behind this surge is former U.S. President Donald Trump launching his own cryptocurrency on the Solana network. This move has increased attention toward the Solana DeFi ecosystem, driving interest in Jupiter, one of its largest decentralized finance (DeFi) protocols.

What is Jupiter (JUP)?

Jupiter is a decentralized exchange (DEX) aggregator built on the Solana blockchain. It helps users get the best token swap rates by sourcing liquidity from multiple pools, solving issues related to fragmented liquidity and inefficient market dynamics.

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Jupiter (JUP) Technical Analysis

In the past week, Jupiter (JUP) has surged from $0.70 to $1.30. Here’s a breakdown of its technical outlook:

• Trend: JUP is in a strong uptrend, breaking key resistance levels.
• Support Levels: $1.00, $0.90, and $0.75 serve as strong support zones.
• Resistance Levels: The $1.25 – $1.30 range is a critical resistance zone. A breakout could trigger another rally.

The chart shows that JUP found strong buying interest at $0.75, leading to a breakout past $1.00. The red and orange moving averages provide further price support.

Why is Jupiter (JUP) Rising?

• Trump’s Crypto Move: Donald Trump’s Solana-based token launch has generated massive interest in the Solana ecosystem, boosting Jupiter (JUP).
• Growth of Solana DeFi: Jupiter (JUP) is one of the leading DeFi projects on Solana, benefiting from increased volume and liquidity.
• Increased Market Demand: The crypto market recovery has driven investor interest in Solana-based projects, further fueling JUP’s momentum.

What’s Next for Jupiter (JUP)?

If JUP breaks the $1.25 – $1.30 resistance, it could reach new highs. However, a drop below $1.00 might lead to a retracement toward $0.90.

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