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The Jupiter price surged 8% in the last 24 hours to trade at $0.786 as of 00:42 a.m. EST on trading volume that skyrocketed 86% to $131 million.
This comes as the decentralized exchange (DEX) rolls its Jupiter Swap V3, leveraging the new Metropolis liquidity backend to enable instant routing, dynamic slippage, smart token filtering, and ecosystem token list.
Metropolis
We completely re-engineered our backend systems to solve key user problems including new token discovery, difficulty of figuring out correct safe slippage, finding the right token, important warnings and more.
This allows Jupiter to keep up with the exploding number… pic.twitter.com/TNOuV3dJBc
— Jupiter 🪐 (@JupiterExchange) June 24, 2024
Jupiter Price Gearing Up For A Breakout Above The Consolidation Channel
The Jupiter price has been on a downtrend from the beginning of June, which was mainly fueled by the death cross at $1.10, according to data from GeckoTerminal.
However, the price of Jupiter seems to have found support around $0.7247, as the token went on a consolidation channel in the last week, trading within the $0.72 and $0.80 range.
JUP seems to be gearing up towards a bullish rally, as the Jupiter token trades within the upper boundary of the consolidation channel.
JUP price trades well above both the 50-day and 200-day Simple Moving Averages (SMAs), with the 50-day SMA acting as a critical support level around $0.7493.
Moreover, the Relative Strength Index (RSI) is moving up toward the 70-overbought region, currently at 68, which shows that the token is under intense buying pressure.
In the 1-hour chart, the Moving Average Convergence Divergence (MACD) supports the incoming bullish stance. The blue MACD line crosses over the orange signal line, forming a bullish crossover. A bullish crossover could encourage the bulls to buy more, which could in turn push the token towards a breakout.
The green bars on the histogram also extend above the neutral line, an indication that JUP is currently on a positive momentum.
Jupiter Price Prediction
The Jupiter price analysis shows a bullish bias, with JUP moving up as the bulls aim to breach the upper boundary of the consolidation channel. If this push continues, investors may continue buying, which may push the token above the channel, targeting the next resistance zone around $0.90.
Additionally, the RSI and MACD offer optimistic investors bullish prospects that could potentially push the price of JUP up, as the indicators open up positions for investors to add to their positions.
Conversely, if the bears sustain the pressure to breach the $0.74 critical support, JUP may retrace back to the support zone around $0.72, which acts as a cushion against downward pressure.
As the Jupiter price soars, other investors are also bullish on WienerAI (WAI), a project that is merging AI and blockchain technology.
According to the 99Bitcoins YouTube channel, the $WAI token has the potential to surge 100X after its launch.
WienerAI Presale Zooms Past $6.3 Million
WienerAI has made a grand entry into the crypto trading world, having raised over $6.3 million in funding, as it hurtles towards the $6.7 million.
More Wieners every day – Our WienerAI family is growing fast! 🐾
More holders = More excitement for our launch!
Ready to join the pack? 🌭🚀 pic.twitter.com/TPFpsjLGFX
— WienerAI (@WienerDogAI) June 13, 2024
The platform integrates artificial intelligence (AI) with its AI token and trading bot, set to provide a user-friendly experience by utilizing predictive technology. The project is also set to make crypto trading accessible for beginners navigating this complex landscape.
More than just a bot–WienerAI is your ultimate crypto trading companion.
We're delighted to share some sneak peeks with our incredible and supportive community. (1/4) pic.twitter.com/kR8ypeJycj
— WienerAI (@WienerDogAI) June 11, 2024
With such an innovative utility combined with WAI’s adorable wiener dog mascot, WienerAI comes in as a strong contender to compete with other AI meme coins, including $CORGI, $TURBO, and $GROK.
$WAI holders can also stake the token to earn passively, with a staking system that offers an impressive annual percentage yield of 180%.
You can be part of the presale by buying WAI tokens for $0.000722 each. But hurry as the price will increase in a little more than two days.
Buy WAI tokens on the official website here using ETH, BNB, USDT, or a bank card.
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