Following a violent rally and a pullback, JUP is settling in the range of 0.50-0.60 at a fair open interest that alludes to a potential bullish formation.
The open interest is increasing, and the price is climbing back to near the $1517 zone, which gives evidence of the growing trader confidence in LINK.
There is a return to highs where not only price but also futures open interest is expanding, and this portends greater participation and upside.
Cryptocurrency market is stabilizing, and people are starting to pay attention to the forthcoming trends. some altcoins have begun showing the first signs of picking up pace once again. JUP, LINK, and ARB have caught the attention of futures traders and analysts. These assets reflect increased trading activity and open interest, signaling a possible buildup toward a breakout in 2025.
JUP Token Shows Stabilization After Speculative Spike
JUP has experienced notable fluctuations since late 2023. The token surged in late January, reaching a high near $1.40, driven by significant market participation. Open interest also climbed during this period, peaking in sync with the price rally. This pattern suggested speculative demand and increased trader engagement. However, the rally proved short-lived. A rapid drop followed, pulling both the price and open interest down, indicating a wave of profit-taking and reduced momentum.
In recent months, JUP has shown moderate recovery signs. During late May and early June, the token recorded a fresh spike in open interest, coupled with a modest rise in price. However, the asset struggled to maintain values above $0.80 and has since settled in the $0.50–$0.60 range. Despite the limited upward follow-through, open interest has remained steady. This trend suggests that while traders remain cautious, market participants continue to monitor the asset closely. A renewed surge in buying volume could push JUP toward another test of resistance levels.
Chainlink (LINK) Gains Momentum With Rising Open Interest
Recent price activity and open interest data hint at a significant shift in the market positioning of Chainlink. LINK demonstrated vigorous bullish dynamics at the end of 2023 and the beginning of 2024 as the price rose to more than 25 dollars in January. This price rally was coupled with a steep rise in open interest in the future, which reached a high of close to 1.2 billion. Open interest and an increase in price indicate that the traders carry the view that there is still another appreciation to be had.
After this rally, LINK was in a consolidation period. The price of the token and open interest fell, with market players in the process of cutting exposure, probably on the basis of uncertainty or profit-making tactics. This promotion, however, might be followed by a new hoarding activity since the last few times. The price of LINK has returned to the $15 -17 levels, and open interest has been on the increase as well.
ARB Market Recovery Suggests Building Bullish Sentiment
The downward pressure on ARB was significant between the middle of 2023 and the beginning of 2024. This is when the price of the token fell to below 0.60 after previously being above 1.20 within a short period and a sharp futures open interest decline was witnessed. The shrinking price and volume of game taking showed a slackened sentiment and lessening of speculative hand.
The asset has since started to pick up in April 2024. The price of ARB has got higher towards the 1.00 price line, and the open interest has hit new highs of more than 250 million. These indicators seem to be rising in unison implying a rise in market interests and possible change of sentiment. The price is yet to reach levels where it was high before but sustained increase in open interest reveals that traders are positioning for upward movement.
