Jupiter

<p>Prominent analyst Crypto Trooper shared on X (formerly Twitter) that <a href="https://captainaltcoin.com/jupiter-jup-price-makes-bullish-close-above-key-level-but-one-more-resistance-could-disrupt-rally/" target="_blank" rel="noopener noreferrer nofollow">JUP’s price</a> is making waves as it recently broke out of a descending triangle, which signals growing investor confidence. Its price climbed to $1.32 before settling around $1.24.</p>
<p>He noted that Jupiter has accumulated over $2 billion in Total Value Locked and processed more than $374 billion in transactions. This surge has fueled speculation about whether JUP can hit its next major resistance at $1.75.</p>
<p>However, technical analysis points to continued growth as the crypto market seems to be moving in a positive direction right now, but investors should stay alert. Market conditions are shifting, and while the current price looks encouraging, cryptocurrency can be unpredictable.</p>
<h2 class="wp-block-heading" id="jupiter-chart-analysis-bullish-breakout-and-price-action">Jupiter Chart Analysis: Bullish Breakout and Price Action</h2>
<p><a href="https://captainaltcoin.com/jupiter-jup-price-recovering-nicely-must-break-key-level-this-week-to-sustain-rally/" target="_blank" rel="noopener noreferrer nofollow">JUP’s price</a> recently broke out of a descending triangle, a bullish continuation pattern. After hitting an intraday high of $1.3229, the price settled at $1.24, maintaining a strong uptrend. The breakout level of $1.10 now serves as a key support zone, while $1.75 remains a critical resistance to overcome. The chart indicates significant momentum, supported by increased trading volumes that validated the breakout.</p>
<p>The Bollinger Bands reveal heightened volatility, with JUP’s price piercing the upper band. This indicates strong buyer control, although the Relative Strength Index (RSI) near 70 suggests potential short-term cooling. Analysts highlight the importance of consolidation above $1.10 to sustain the bullish trajectory.</p>
<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="536" src="https://captainaltcoin.com/wp-content/uploads/2024/11/image-612-1024x536.png" alt="" class="wp-image-584268" srcset="https://captainaltcoin.com/wp-content/uploads/2024/11/image-612-1024x536.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-612-300x157.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-612-768x402.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-612-1536x804.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-612-2048x1072.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-612-287x150.png 287w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-612-100x52.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-612-669x350.png 669w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-612-788x412.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-612.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong><em>Image Source: <a href="https://x.com/crypto_trooper0/status/1858487019967771097" target="_blank" rel="noopener noreferrer nofollow">X/CryptoTrooper</a></em></strong>
 </figcaption>
</figure>
<h2 class="wp-block-heading" id="key-indicators-signal-strength">Key Indicators Signal Strength</h2>
<p>Crypto Trooper pointed to a bullish MACD crossover, with the momentum line crossing above the signal line. This indicates sustained upward momentum. The RSI’s position near overbought levels reflects strong buying interest but warrants caution for short-term corrections.</p>
<p>Additionally, liquidation data revealed that $715,000 worth of short positions were squeezed, adding further buying pressure. This development aligns with a spike in Jupiter’s social dominance, suggesting growing retail interest and community-driven FOMO (fear of missing out).</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/positive-metrics-align-for-ripple-xrp-bullish-continuation-expert-predicts-spike-to-8/" target="_blank" rel="noopener noreferrer nofollow">Positive Metrics Align for Ripple (XRP) Bullish Continuation: Expert Predicts Spike to $8</a></em></strong></p>
<h2 class="wp-block-heading" id="fundamental-growth-supports-rally">Fundamental Growth Supports Rally</h2>
<p><a href="https://jup.ag/" target="_blank" rel="noopener noreferrer nofollow">Jupiter’s</a> robust DeFi metrics, including a TVL surpassing $2 billion and transaction volumes exceeding $374 billion, reflect its increasing dominance. These fundamentals are likely to sustain market confidence, supporting further price advances.</p>
<p>With the next target at $1.75, traders and investors remain focused on JUP’s ability to maintain momentum. Short-term retracements may occur, but the overall outlook points toward continued growth, making Jupiter a DeFi token to watch.</p>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/jupiter-price-surges-with-explosive-volumes-can-jup-hit-1-75-soon/" rel="noopener noreferrer nofollow">Jupiter Price Surges with Explosive Volumes – Can JUP Hit $1.75 Soon?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Jupiter Price Surges with Explosive Volumes – Can JUP Hit $1.75 Soon?

Table of Contents

CaptainAltcoin

Other articles published on Nov 18, 2024

Suiruto ($SHIN): A Naruto-Inspired Treasure in the SUI Ecosystem

Trump Presidency Promises Massive Bull Run for Crypto Market – Here Are the Best Altcoins To Buy

Analyst Projects $6 for Cardano (ADA). Here’s the Timeline

Ethereum’s Bullish Momentum, Key Support Levels and $4,000 Resistance Could Lead to Major Gains

Robinhood, Kraken, and Other Crypto Firms Launch Global Stablecoin Network

BURNmas Begins: BONKDAO Aims to Burn 1 Trillion Tokens

Join our free newsletter for daily crypto updates!