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The Jupiter price has pumped 10% in the last 24 hours to trade at $0.9514 as of 7:52 a.m. EST on a 51% surge in trading volume to $407 million.
Jupiter’s price is showing upward momentum, and set a new all-time high, helping fortify its position as the second-largest decentralized exchange (DEX) after Uniswap.
Jupiter Price: A Buying Spree Above The Consolidation Channel
JUPUSDT Analysis By Tradingview
The Jupiter price has broken above the consolidation channel as the support zone at $0.4620 acts as a launchpad, helping the bulls push the price up, surpassing the January 2024 high at $0.8702
Although encountering a temporary pullback, the bulls seized the opportunity presented by the $0.5304 support level to propel the price higher in a bullish rally, surpassing the $0.65 high. This surge also formed the cup and handle pattern, signalling a continuation of the bullish trend.
Jupiter’s price action paints a picture of strength and resilience, with the token trading above the 50 and 200 simple moving averages (SMAs) on the 4-hour chart currently acting as immediate support for the Jupiter price.
Moreover, the moving average cross at $0.4968 affirms the general bullish momentum, empowering the bulls to continue the bullish stance above the consolidation stage.
Despite indicating a minor retreat, the Relative Strength Index (RSI) remains elevated at 71, residing within the overbought territory above 70. Should the upward momentum persist, the RSI might climb even higher into the overbought region, reinforcing the prevailing bullish sentiment.
Jupiter Price May Decline In The Short Term
The Jupiter price bulls have driven the price past the $0.8702 high, reaching a new all-time high (ATH) at $0.9887. However, the bulls have been discontinued from further profiting, encouraging the bears to push the price in a corrective phase.
If the bearish correction sustains, the bears could force a downturn to $0.8033. A further push downwards would see the bulls retreat to the upper boundary of the consolidation channel.
If you missed the Jupiter price surge, you could diversify your portfolio with SMOG, which promises the launch of the biggest airdrop in history and easily outperformed JUP today with a 41% surge.
SMOG Meme Coin: The Next 100X Crypto Gem
SMOG has been consistently impressive in its performance and surged by 694% in the past month alone.
SMOG aims to triumph over renowned Solana meme coins like MYRO, WIF and BONK, an ambition captured by its slogan “one memecoin to rule them all.”
One #Memecoin to rule them all! 🚀
Get ready for the greatest #Airdrop in history, distributed on #Solana. 💰
Join #SMOG on Zealy! 🔥
Link in Bio 🔗 pic.twitter.com/vsn4p5cSF4
— SMOG (@SMOGToken) February 8, 2024
Much of the interest in SMOG has been created by its plan for the greatest airdrop in history.
With 35% of the total 1.4 billion SMOG supply allocated to airdrops, the project presents an exciting opportunity for investors who may have missed Jupiter’s $700 million airdrop.
Qualify For Airdrop On Zealy, Enjoy 42% APY
To be eligible for the airdrop, investors must acquire and hold SMOG in their wallets. Participation in quests administered by Zealy and completion of tasks can earn investors additional points, thereby increasing their chances of qualifying for more airdrop rewards.
Join the #SMOG community on #Zealy and increase your points for the $SMOG #Airdrop. 🐲
Complete quests for extra points! 📊
Stay tuned for upcoming announcements. 📢🔗https://t.co/3EQxvQwsw3#CryptoCommunity #Altcoins #Memecoins #Binance #Crypto
— SMOG (@SMOGToken) February 21, 2024
The project is currently making arrangements for listings on additional major exchanges, presenting an ideal moment to get involved.
The project also offers an impressive 42% annual percentage yield (APY) for investors who stake their acquired SMOG tokens
Crypto Gains on YouTube sees Smog as a token with the potential to explode another 100X.
You can buy SMOG tokens on the official website, which will give you a 10% discount. With a compatible wallet, you can swap your ETH or USDT to be eligible for the upcoming historic airdrop.
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