Jupiter Price Prediction: 2024, 2025, 2030

JUP price prediction: Key highlights

1. Primary support and resistance levels

• An analysis of the daily chart revealed the price floor to be at $0.47.
• Furthermore, the highest resistance for JUP can be anticipated at around $1.87.

2. Market sentiment

• The overall market sentiment is seen to be slightly bearish in April 2024.

3. Predictive forecasts

• Our AI/ML models have estimated that JUP may reach an average value of $11.06 by 2026. Furthermore, it may also touch an average value of $182.86 by 2030.

Given below is a comprehensive daily technical analysis of JUP,  followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:

JUP technical analysis: Will an uptrend give rise to a new ATH?

The Jupiter price prediction for 2024 has drawn interest from various investors, as the token's performance in the previous months provides insights into potential future movements. 

Beginning in February, JUP's price engaged in a bearish trend, with its value approaching a critical support level at $0.47. The latter part of February marked a turning point, as a robust and enduring bullish trend emerged, driving the token's value to ascend to a resistance level of $0.63 at the dawn of March. 

The altcoin grappled with this resistance level for a week. Despite brief pullbacks, bullish momentum propelled JUP past significant milestones of $1.13 and $1.30, ultimately reaching a peak resistance at $1.57 by mid-March.

The latter part of March witnessed a corrective pullback from this high, with JUP's price descending beneath the $1.30 level. Nevertheless, bullish efforts attempted to counter this resistance with renewed vigor. 

Transitioning into April, JUP's price momentarily touched the $1.57 mark, setting a new high before encountering a swift trend reversal that saw its value retreat, stabilizing above the $1.30 threshold.

As of the latest observations, JUP exchanged hands at $1.32. The token's ability to surpass its former resistance levels and then experience corrections suggests a market characterized by active trading and investor interest. 

JUP’s growth trajectory as a governance token has been commendable since its launch in January. Over the past few months, the token witnessed a surge in trading volume and investor interest amidst massive volatility within the cryptocurrency market. According to CoinMarketCap, JUP had witnessed a significant price appreciation, with its value showcasing a whopping spike of 66% over the past month.

Going forward, there can be two possible scenarios for JUP. If the bulls continue to showcase resilience in the face of an emerging downtrend, the price of JUP might go higher. In case of bullish momentum, JUP prices may touch the significant resistance level at $1.87 within the next few weeks. If the bullish momentum is sustained, JUP may even go higher to reach its all-time high (ATH) value of $2.04 within the next few months.

Adversely, if the bearish rally persists, the price of JUP may plummet below the $1.30 mark. If the bears gain strength and momentum, JUP’s value may keep dipping until it touches the $0.63 mark within the next few months.

Amidst all the adversities, JUP’s future trajectory seems to be promising. Our AI/ML models have projected that JUP may touch an average value of $11.06 by 2026. As the token is considerably new, it will undergo newer developmental changes in the future, which in turn will attract investors. In that case, JUP may also touch an average value of $182.86 by 2030.

JUP's 2024 roadmap: Key indicators to watch and trade

• At the onset of the charting period, the trading volume mirrored the price movement and was considerably high until mid-March. Following this, the volume waned significantly.
• At press time, the trading volume remained low, indicating that it was unable to recover from its previous highs.
• At the beginning of the analysis, the Relative Strength Index (RSI) dipped slightly before going on an upward trajectory. By mid-March, the RSI surpassed the neutral 50 line, and by the second half of the month, it had shot past the 70 mark and entered the overbought region.
• However, after this spike, the RSI kept plummeting. After witnessing another spike by the end of March, the RSI plunged again. At the time of writing, the RSI stood at 50.83, indicating that the asset is neither overbought nor oversold. This showed a balance between buyers and sellers.
• The analysis period began with Chaikin Money Flow (CMF) making an attempt to recover. By the end week of February, the CMF surpassed the neutral line and went on an upward trajectory. This trend continued until the beginning of April, after which the CMF dipped.
• Although the CMF made an attempt to recover, the momentum was not sustained. At press time, the CMF stood at -0.06, which is slightly bearish. This could signal a lack of strong money flow in either direction, pointing to indecisiveness in the market.