according to the materials from the site - Cryptonewsland
JUP from Jupiter has come into the spotlight. After an astounding 30% increase last week, the Solana-based token continues to gain momentum. Traders are circling, fixating on the $0.43 level. This is not just speculation — price actions, volume spikes, and technical indicators are lining up. With forming bullish patterns and rapidly growing excitement, Jupiter may be gearing up for a powerful breakout. And if that happens, the sky is not the limit — it’s just the beginning.
The recent rise of Jupiter is not just another pump. It is backed by real growth. On June 22, Jupiter DEX reported that its total trading volume exceeded $1 trillion. This was accompanied by 1.7 billion transactions, making Jupiter one of the most active platforms in the DeFi space. These massive figures have drawn attention and given the JUP token new energy. More importantly, revenue is growing.
Data from DeFiLlama shows that Jupiter DEX earned over $254,000 in protocol revenue within 24 hours. Its total revenue now exceeds $200 million. Such growth often leads to stronger investor confidence and long-term interest. At the time of publication, JUP was trading around $0.426, up 6.25% in the last day. Trading volume increased by 10%, confirming high demand and growing optimism among traders. This surge in volume could be a sign of larger movements to come.
Traders' positions for a breakout
The technical picture looks even better. Analysts say JUP has broken out of a long-term downward trendline. In the process, it has formed an inverted head and shoulders pattern. Such a setup often serves as a launchpad for major breakouts. With the neck line around $0.43, all eyes are now on confirmation. If JUP surpasses this mark, it could soar to the $0.55–$0.59 range. Momentum indicators also point to growth.
MACD has just flipped bullish, with the line crossing the signal line upward. Green bars on the histogram continue to grow, indicating strong upward pressure. Market sentiment has shifted rapidly. Analytics firm CoinGlass reported that traders are now largely leaning towards a bullish trend. Long positions at $0.391 exceed $2.17 million. Meanwhile, short positions at $0.446 amount to only $612,000.
This imbalance shows clear optimism among market participants. Bulls are entering the game, fueled by strong fundamentals and technical strength. They believe this move still has room for growth. With so many factors in play, a breakout seems not only possible, but probable. As JUP flirts with the key $0.43 level, excitement is building. Break through, and Jupiter may leave gravity behind.
$BTC , $TON , $SUI
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