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The Jupiter price Surged 18% in the last 24 hours to trade at $0.6175 as of 5:31 a.m. EST on trading volume that skyrocketed 118% to $133 million.
Jupiter Price Bulls Aims For A Sustained Breakout Above A Falling Wedge
The JUP price has recently broken out of a falling wedge pattern that dominated its action for several months.
The breakout above the wedge’s upper boundary is a strong technical signal that suggests a potential trend reversal from bearish to bullish.
From its low near $0.30 in April (point C), the Jupiter price has steadily climbed, confirming higher lows and eventually pushing through both the 50-day and 200-day Simple Moving Averages (SMAs).
The recent move above $0.60 signals a breakout with conviction, closing well above the resistance line and showing strong bullish momentum, GeckoTerminal data shows.
Moreover, the Relative Strength Index (RSI) sits at 67.79, just below the overbought threshold of 70. This indicates strong buying pressure but not yet extreme conditions.
The RSI’s steady rise without entering overbought territory suggests there may still be room for upward movement.
JUP Is Bullish
Given the technical breakout from the falling wedge, the rising RSI, and the bullish crossover of the moving averages, the short-to-medium-term outlook for the Jupiter price appears optimistic.
If momentum sustains, the next significant resistance level lies at the 200-day SMA around $0.76. A successful break and close above this level could open the path toward the psychological $1.00 zone, a prior high and potential target for bullish traders.
However, if the price of Jupiter fails to break the 200-day SMA on the first attempt, a retest of the breakout level around $0.50–$0.55 would be a healthy pullback area. This zone should now act as support, especially with the 50-day SMA rising beneath it.
Meanwhile, investors are flocking to the presale for a new Solana project called Solaxy (SOLX), which has announced that its blockbuster $40.4 million presale will end in about 21 days.
Popular YouTube channel 99Bitcoins, with over 723K subscribers, says the crypto has the potential to soar 10X post-launch.
Solaxy Presale Garners Over $40.4 Million – Last Chance To Buy
Solaxy is the first Solana layer-2 (L2) blockchain, purpose-built for maintaining low-latency transactions, high scalability, and zero downtime, even during peak traffic times.
Being one of the first standout Solana L2 coins, it is seeing strong demand from whales and retailers alike, with its presale closing on the $41 million milestone.
The project aims to address Solana’s issues by implementing off-chain processing mechanisms similar to Ethereum’s layer-2 solutions. Platforms like Arbitrum and Optimism have already proven this model successful.
It's perfectly okay to think about $SOLX at night…
We won't tell 😉🔥https://t.co/mdaTX9aVVx pic.twitter.com/AZcIvfpiS6
— SOLAXY (@SOLAXYTOKEN) April 22, 2025
Solaxy’s system enhances efficiency by processing transactions off of Solana’s main chain, bundling them, and submitting them to the mainnet for final verification.
The team has already rolled out their products even while the project’s presale is still live. This includes the Solaxy testnet and blockchain explorer, Solaxy bridge and the Solaxy token launchpad.
Investors interested in participating in the presale can visit the official Solaxy website to buy SOLX tokens for $0.001736 each using BNB, ETH, USDT, or a bank card.
The project’s presale staking program also offers token holders a massive 99% APY. Anyone looking to buy SOLX at the best rate will want to hurry, as the token’s presale will end in about 21 days.
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