The liquidation map highlighted the $0.542-$0.548 area as a zone of interest for a bearish reversal despite the positive online engagement.

The Jupiter price action and indicators showed volatility ahead for the DEX token. The liquidity at the $0.55 local resistance could give rise to a minor price bounce, but might not establish an uptrend.

The decentralized exchange (DEX) platform’s native token Jupiter [JUP] saw sizable gains recently.

At the time of writing, its daily trading volume shot higher by 62.5% as the token gained 6.5% within the past 24 hours. However, the price charts showed that an uptrend was not in full swing yet.

Data from Santiment showed that the Daily Active Addresses have picked up slightly since mid-June.

Similarly, network growth, which refers to the number of new addresses being created each day, was also up from mid-June.

The 7-day Weighted Sentiment has oscillated between bullish and bearish over the past two months. At the time of writing, it remained steadily positive.