Jupiter (JUP) Faces Heavy Downtrend Despite Strong Volume Surge ;

Jupiter ($JUP

) is showing significant weakness in the market, with its price currently at $0.5327, down 0.19% in the last 24 hours. Despite the decline, trading activity remains strong, with a 24-hour volume of $27.31M and a massive 973% volume spike, suggesting heightened trader interest and volatility.

🔎 Key Market Insights:

📉 Price Action: $0.5327, slightly lower on the day.

🔴 Trend Strength: Strong bearish signals with 9 red indicators dominating.

📊 RSI (14): Neutral at 0❗️, indicating exhaustion in momentum.

📉 EMA50 & EMA100: Both trending downward, confirming short-term and mid-term weakness.

📈 Funding Rate: 0.005% – neutral, suggesting balanced leverage conditions.

🔥 Volume Spike: +973%, showing traders are positioning heavily despite price decline.

⚠️ Outlook: JUP is under sustained selling pressure with technicals pointing to a bearish continuation. However, the extreme rise in trading volume could hint at potential volatility ahead — either a deeper correction or a relief bounce if buyers step in.

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✅ Important Points for Traders:

Monitor $0.50 as a psychological support level.

Watch for any reversal signals if volume sustains.

EMA50 & EMA100 remain key resistance zones.

RSI neutrality suggests sideways consolidation before the next big move.

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