Connect with us
Active Currencies 17100
Market Cap $3,348,964,044,713.60
Bitcoin Share 57.91%
24h Market Cap Change $0.03

Jupiter [JUP] price prediction – 36% hike, but is the risk of profit-taking still there?

2min Read

Liquidation map noted more cumulative liquidation leverage to the south, than to the north.

Jupiter [JUP] price prediction - 36% hike, but is the risk of profit-taking still there?

Share this article

  • Jupiter rocketed past the local resistance zone at $0.95, and the price was just below the $1.15 resistance at press time
  • There is potential for a drop to $1.06 in the near future

Jupiter [JUP] saw a 36.76% hie on Saturday, 18  January. The last 24 hours of trading saw 34% gains and a 678% hike in the daily trading volume for Jupiter. This seemed to be a strongly bullish sign for the altcoin.

The altcoin’s market structure was bullish on the daily and that 4-hour charts. However, there may be potential for a retracement towards $1. How deep could this dip go? Strong support was at $1.06, nearly 9% below the market price at press time.

JUP bulls challenge the $1.15 resistance

Jupiter 1-day TradingView

Source: JUP/USDT on TradingView

Over the last nine months, the bulls have stoutly defended the 78.6% retracement level at $0.76. These retracement levels were plotted based on Jupiter’s rally in March from $0.47 to $1.84.

The bullish daily structure was encouraging, and the RSI was well above neutral 50, indicating strong upward momentum. This momentum was accompanied by heightened demand. The OBV shot past a local high to reflect increased buying pressure too.

Surging demand and momentum could be enough to carry JUP past its local resistances at $1.15 and $1.23. Over the next week or two, it is likely that the $1.44 local highs will be challenged once again.

Jupiter H4 Chart

Source: JUP/USDT on TradingView

The H4 chart highlighted the intense momentum of the last few days. The local resistance at $0.95 and $0.99 were swept aside with ease and barely faced a retest as the crypto’s price raced higher.

The 4-hour chart’s momentum was oversold, which was not necessarily bearish. However, the OBV dip over the last few sessions indicated some profit-taking. A move towards the $0.95-$1 support zone might be possible in the coming days. If tested, this area would present a buying opportunity.

Jupiter Liquidation Map

Source: Coinglass


Read Jupiter’s [JUP] Price Prediction 2025-26


The liquidation map noted more cumulative liquidation leverage to the south, than to the north. Therefore, it is possible that a liquidity hunt and a short-term price dip could commence. The $1.11 and $1.06 levels would be the short-term targets in case of such a dip.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion

Share

Akashnath Sumukar works as a Senior Journalist at AMBCrypto. Based in Chennai, India, he has been an avid follower of the cryptocurrency market since Bitcoin’s boom and bust cycle of 2017. A graduate in Chemical Engineering, he is an expert in technical analysis. In fact, Akashnath has a particular interest in reading price charts and predicting how an asset will move over the short and long term. A self-taught trader and as someone who holds cryptos himself, he is always on the lookout for the next opportunity he can possibly capitalize on, while also educating his audience.
Read the best crypto stories of the day in less than 5 minutes
Subscribe to get it daily in your inbox.
Please check the format of your first name and/or email address.

Thank you for subscribing to Unhashed.