Jupiter (JUP) Token Eyes $0.69 as Solana DeFi Lending Platform Sets 2025 Launch

(JUP) has been on a tear, surging 15% in the last 24 hours to hit $0.6553, levels not seen since March.

Jupiter (JUP) token price is heating up as Solana’s DeFi lending platform, Jupiter, sets its sights on a 2025 launch.

JUP surges 15% as it tests key resistance

Jupiter (JUP) price is quickly approaching the crucial technical levels to watch. In the last 24 hours, JUP has surged by 15% to reach $0.6553. This move comes ahead of the launch of Jupiter Lend, a decentralized lending platform on Solana, which is expected to be launched in 2025.

The platform will offer a high loan-to-value (LTV) ratio of up to 90%, compared to the typical 75% across the industry, as well as low fees starting from 0.1%. This is likely to attract traders and investors to the platform, ultimately increasing demand for JUP.

According to recent technical analysis, JUP/USDT is now testing a key resistance level at $0.6553. If the token manages to break above this resistance, it could continue rallying to the next resistance levels at $0.6735 or $0.6926.

However, if the price fails to break the resistance and pulls back, it could find support at the Fib level of $0.6289 or test the dynamic support at $0.5939.

Key Levels:

Solana’s DeFi ecosystem hits new highs

While Jupiter is heating up, it seems that the broader Solana ecosystem is also rapidly expanding. In the last year, the memecoin market cap on Solana has surged from $6 million to $14 billion.

Moreover, recent data from IntoTheBlock shows that weekly transactions have increased by 7.3% to reach 462.5 million. Capital is flowing into the Solana ecosystem.

This surge in network activity and capital flow into memecoins provides a backdrop for the recent rally in JUP. As the leading DEX aggregator on Solana, Jupiter handles a dominant 95% share of the market and is set to process 42% of Solana’s DEX transactions by July.

JUP price outlook: What’s next?

The MACD is showing strong upward momentum, keeping in line with the recent price action. A clear breakout above $0.6553 could open the door to further gains towards the next resistance levels at $0.6735 and $0.6926.

If the price fails to break the resistance and pulls back, it could find support at the Fib level of $0.6289 or test the dynamic support at $0.5939.

The technical indicators suggest a bullish bias, but it's best to approach this with caution.

Watch for: A sustained breakout with strong volume

Caution: Monitor MACD for potential divergences or fading momentum

The bullish bias holds as long as the support at $0.5939 remains intact

With the launch of Jupiter Lend approaching in 2025 and the Solana DeFi ecosystem expanding rapidly, Jupiter will be a coin to watch as it continues to heat up.