📈 Analysis and forecast for $JUP : is it time to exit? 🚀
As of May 23, 2025, 18:06 EEST, the price of $JUP on Binance is $0.62, with an increase of 11% over the last 24 hours. The trading volume for the day has risen to $142.75M, and the market capitalization is around $1.39B (with a circulating supply of 1.35B JUP). Sentiment on X is bullish: users note the growth potential amid activity in the Jupiter ecosystem on Solana.
Technically, $JUP in an uptrend. On the 4-hour chart, the price has stabilized above the 50-day moving average ($0.57), and the RSI (14) at 65 indicates bullish momentum close to overbought. Key levels: support — $0.58, resistance — $0.65. A breakout above $0.65 could push the price to $0.70, but a drop below $0.58 would increase pressure towards $0.54.
Forecast: in the short term (by the end of May), JUP could reach $0.70 with sustained volume. By July 2025, a correction to $0.54 is possible due to overbought conditions. The long-term target for 2026 is $2.00+, assuming growth in DeFi activity and token backers. Jupiter remains a key player on Solana with $3.7B in volume in November 2023.
Is it time to exit? After an 11% increase and the current price of $0.62, taking profits is justified, especially ahead of resistance at $0.65. Set a stop-loss at $0.58 for protection. For long-term investors, holding with a target of $0.70 is possible, but watch the RSI and volumes. Overbought conditions and high volatility signal a risk of correction — be cautious! #JUP #Binance #CryptoAnalysis
