Jupiter (JUP) Primed for Breakout: $0.55 Target in Sight as Bulls Charge

JUP's chart flashes green as traders pile into the Solana-based token—because what's more thrilling than gambling on volatile altcoins with institutional money?

Technical breakout or temporary pump?

The $0.55 resistance level now acts as a magnet after JUP sliced through short-term barriers like a hot wallet draining a memecoin presale. Liquidity pools brace for impact.

DeFi's perpetual motion machine

Another day, another 15% swing. Jupiter's price action mirrors the sector's addiction to leverage—just don't ask about fundamentals when the Fed's printer goes brrr.

Whether this rally sticks or collapses faster than a Terra stablecoin, one truth remains: In crypto, gravity always wins... eventually.

• Jupiter (JUP) gained 12.76% in the last week despite minor short-term dips.
• Trading volume jumped 26.66% in 24 hours, which indicates new buying interest.
• Consolidation near the $0.50 price has breakout or correction potential.

Jupiter (JUP) is still bullish in the altcoin market, maintaining a 12.76% weekly gain on a small 1.8% loss in the last 24 hours.

With assistance from increased interest and stable volume demand, JUP is holding trading in the area of the $0.50 handle, suggesting upbeat sentiment even in the face of small short-term pullbacks.

As of the latest data, Jupiter is trading at $0.4954, as its 24-hour volume shifted 26.66% upwards to $84.75 million.

Since the market capitalization is at $1.48 billion, the token remains in a good uptrend position due to active participation from traders as well as long-term investors.

Buyers Defend $0.50 as Momentum Builds

The price action in the previous week was very good for JUP. The token, after trading between $0.43 and $0.44, broke higher with good volumes, crossing the psychological price of $0.50.

The breakout was followed by a jump to $0.525, where resistance was experienced. The price registered a mild retracement, but the price support at $0.50 was strong, showing ongoing buying demand.

Today, the token is stable in the region of this support area, which is crucial for the next breakout. The incessant defense of the area is an indication of bullish accumulation, and on sustained momentum, the price is set to test and potentially break the high at $0.525.

JUP Targets $0.55 if the support zone holds

Technically, the pair is in a balanced but rising configuration. The 4-hourly chart shows the price mildly below the 9-period EMA at $0.5029, and volatility is shown as high as per the Bollinger Bands, which are delineating the higher and lower limits at $0.5274 and $0.4621, respectively.

The RSI is 53.53, which shows moderate bullish bias without overstretching. The MACD line is also drifting just above the signal in the presence of a shallow positive histogram, which indicates gradual, steady upward movement.

Should buying continue to hold ground above $0.50 and extend the price above $0.525, the next natural target in line is $0.55.

The latter sits on the apex of today’s breakout area and is a technical and psychological resistance point. That said, not holding ground above $0.50 could be followed by a test of the $0.46–$0.49 area ahead of any continuation higher.

: This article is based on real-time market data and general technical observations. It does not constitute financial advice. Always conduct your own research before making investment decisions.