Jupiter Surges 18% Amid Bullish Breakout
Key Takeaways
- Jupiter (JUP) breaks resistance at USD 0.585 with an 18% price increase.
- Technical pattern: Inverse head-and-shoulders formation signals bullish breakout.
- Traders betting on rising prices: USD 4.93 million in long positions at USD 0.578.
- JUP plans expansion in the DeFi sector with Jupiter Lend.
- Risks remain due to potential profit-taking: USD 3.77 million worth of tokens flowed into exchanges.
JUP Breaks Critical Resistance
On May 26, 2025, Jupiter (JUP) reached a significant technical milestone. The price surged by 18%, breaking through the persistent resistance at USD 0.585. This area had previously acted as a barrier multiple times. The breakout was not only significant horizontally – it also marked the completion of an inverse head-and-shoulders pattern. In technical analysis, this formation is considered a strong signal for a bullish trend reversal.
Traders Betting on Rising Prices
According to data from Coinglass, traders have invested approximately USD 4.93 million in long positions at USD 0.578. This zone is currently considered overleveraged. On the flip side, short positions worth USD 691,000 were opened at USD 0.626. Additionally, there are currently no major resistance levels that could hinder the upward trend.
JUP Benefits from DeFi Expansion
Jupiter is planning to expand its activities in the decentralized finance (DeFi) space. The focus is on the launch of Jupiter Lend – a new lending product. This development could generate additional demand for the token. The collaboration with provider Fluid demonstrates Jupiter’s ambition to establish a strong position in the DeFi market.
Rising Trading Volume, but Also Profit-Taking
JUP’s trading volume increased by 185% within 24 hours, indicating growing interest from traders and investors. At the same time, JUP tokens worth USD 3.77 million flowed into exchanges. Such movements suggest that some investors are taking profits – a potential headwind for the price.
What’s Next? Key Price Levels
At the time of analysis, JUP was trading at around USD 0.61. If the price closes above this level, the uptrend could continue. A realistic price target would then be around USD 1.00. However, the USD 0.76 level could act as intermediate resistance. If the price falls back below USD 0.585, a decline to as low as USD 0.468 could follow – a drop of around 15%.
Our Assessment
Jupiter (JUP) currently shows a strong technical setup, supported by a bullish chart pattern and growing interest in the DeFi space. In the short term, there is potential for further price increases, especially if the closing price remains above USD 0.61. At the same time, investors should keep an eye on the risks posed by potential profit-taking. Those investing in JUP should closely monitor the mentioned price levels and watch for confirmation of the breakout. A sustained move above USD 0.76 could pave the way toward USD 1.00. Without such confirmation, a correction could follow.
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Sources
- Coinglass
- Trading View
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