Jupiter [JUP], the native token of the decentralized trading platform on Solana, rallied by 6.9% in the last 24 hours. According to CoinMarketCap, the token’s daily trading volume was up by 32%.
These gains were likely spurred by the release of Jupiter Mobile V3. This is a major update to its mobile app, the “first fully native pro trading mobile platform,” announced in a post on X.
The DeFi protocol ranked second highest for total fees generated in 2025, according to another post by CryptoDiffer. These developments might have buoyed short-term confidence in JUP, inspiring the quick rally.
The higher timeframe Jupiter trend has not changed
The swing move down from $0.258 to $0.169 in December showed that the longer-term trend and structure has remained bearish. The last 24 hours’ price bounce was part of an upward Jupiter push.
This bounce was challenging the psychological $0.2-resistance at the time of writing.
The MACD indicator showed some short-term bullish momentum, but the indicator was still below zero and underlined bearish prevalence. The A/D indicator also bounced higher over the last two weeks. On the contrary, the buying pressure has been relatively underwhelming.
The bearish scenario for JUP
The $0.20-resistance has also served as a supply zone since mid-December. It was tested last week, and Jupiter bulls failed to break through. A similar outcome could arrive once again.
Traders’ call to action – Possible buying opportunity at $0.2
The A/D indicator showed greater buying pressure during the recent move higher and stronger momentum. While the 1-day structure was bearish, the Fibonacci retracement levels showed that a bounce to $0.224 and $0.239 was still possible.
Therefore, lower timeframe traders have reason to go long if the $0.2-resistance is flipped to support, targeting these resistance levels as take-profit levels.
Final Thoughts
- Jupiter token’s price action will be bullish in the short-term, especially if it manages to flip the round-number resistance to support.
- Traders should remember that the longer-term trend remains bearish, and should set strict take-profit levels.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion
