- JUP surges 11% as price breaks key resistance at $0.5800, eyes $0.6100.
- Jupiter unveils Jupiter Lend with 90% LTV, driving fresh token momentum.
Jupiter (JUP) is trading at $0.6209, registering an 17.11% gain in the past 24 hours. During the same period, the token reached a high of $0.5989 (continued on the rise) and a low of $0.5103. Its market capitalization now stands at $1.8 billion, while the 24-hour trading volume has risen to $103.94 million, reflecting an 89.73% increase. The circulating supply is currently 2.89 billion tokens, with a maximum supply of 10 billion JUP.
This upward price movement follows a recent recovery from below the $0.5200 level, where JUP showed strong buying interest. The bullish reversal was confirmed by a breakout above $0.60, turning that level into near-term support. Analysts indicate multiple resistance targets, beginning at $0.6300 and stretching to $0.655 if momentum continues.
Jupiter Launches New Lending Protocol With 90% LTV and Low Fees
On May 23, during the Solana Accelerate conference, Jupiter unveiled Jupiter Lend, a decentralized lending protocol built in partnership with DeFi infrastructure firm Fluid. The new platform introduces loan-to-value (LTV) ratios of up to 90%, well above the standard 75% seen on most crypto lending platforms. It also features competitive borrowing fees starting as low as 0.1%.
Jupiter Lend will operate on a dual-protocol framework—one for seamless user deposits and another to offer low-cost loans with flexible terms. The system is fully composable, enabling integration by external developers and DeFi projects within the Solana ecosystem. Once the announcement was made, JUP saw a 10% increase within a day, showing that investors now believe in the protocol’s approach.
JUP Eyes $0.6100 With Support at $0.5800 and RSI Above 76
Indicators based on price analysis are siding with the upward trend. The Relative Strength Index (RSI) is currently at 76.22, indicating overbought territory. The Chaikin Money Flow (CMF) score of 0.31 confirms steady capital inflow and strong market participation. The price has broken above key resistance at $0.62500, establishing it as a new support zone.
Source: TradingView
If bullish sentiment persists, the next resistance levels stand at $0.6300, followed by $0.6520 and $0.7010. A sustained rally may even test the $0.644 mark. On the downside, failure to hold above $0.5800 could lead to a pullback toward $0.5650. Market momentum and rising volume continue to support the current uptrend.
