Jupiter Token Price Surged by 26%

The Jupiter token price has advanced by 26% in a month, trading at $0.9825. With a market cap of $1.325B, bullish sentiment, and increased trading activity

The Jupiter (JUP) token price has witnessed a remarkable surge of 26% over the last month, bringing its price to $0.9825 at press time. This token, ranked 58th in terms of market capitalization, boasts a strong market presence with a market cap dominance of 0.06%. Moreover, Jupiter token’s price has been highly volatile, exhibiting a volatility of 11.59%.

According to analysts, the Jupiter token’s sentiment is bullish, and its Fear and Greed index stands at 68, indicating greed among investors. However, the token’s market cap value has seen a decline of 1.5% over the last 24 hours, bringing its market cap value to $1.325B, while its fully diluted market cap is valued at $9.815B.

Interestingly, the traded volume of the token has surged by 35% over the last 24 hours, indicating a surge in the token’s trading activity and a gain in the interest of traders in the token.

Jupiter Token Derivatives Data Analysis

The derivatives traded volume of the Jupiter token has also seen an impressive surge, advancing by 65% over the last 24 hours, resulting in a traded value of $203.03M.

The token’s derivatives volume chart has shown consistent advances over the last few days, indicating a surge in the interest of investors in the token.

The longs liquidated value amounted to $298.13K over the last 24 hours in contrast to the shorts of $74.58K, showcasing a surge in the sellers’ dominance over the last 24 hours.

Meanwhile, the token’s open interest has also seen a surge of 10.4%, bringing its value to $66.09M.

JUP Token Technical Analysis

The JUP token’s price has seen a strong momentum, surging by 55% over the last 15 days.

A bullish outlook is evident on the Jupiter token’s daily chart as the token’s price breaks out above the descending triangle pattern.

For a long time, the JUP token price formed lower highs and lower lows on the charts.

However, we can see a strong momentum in the price as the token’s price breaks out above the triangle pattern and formed strong bullish candles on the chart.

JUP/USD Chart by TradingView.com

The 20-day and the 50-day EMAs have formed a golden cross on the token’s daily chart. The token’s price also advanced above the EMAs and has sustained above the same.

The MACD and signal line exhibited bullish behavior and advanced above zero. Both the metrics are also trading in a golden cross.

The RSI also followed a bullish cycle and has hit the overbought zone, showing a rise in the token’s momentum and might lead to higher trading activity in the future.