JUP Price Prediction 2024: Will JUP Rise by 30.65% by Oct 24?

JUP price is expected to rise by 30.65% in the next 5 days according to our Jupiter price prediction is trading at $0.899326 after gaining 4.55%

The price of Jupiter (JUP) coin is displaying a positive outlook and outperformed the cryptocurrency market, as the total crypto market cap increased by 3.75% in the last 24 hours, while JUP recorded a 4.55% gain in the same time period. The coin is currently trading at $ 0.899326.

According to our Jupiter price prediction, JUP is expected to reach a price of $ 1.17 by Oct 24, 2024. This would represent a 30.65% price increase for JUP in the next 5 days.

JUP Price Prediction Chart

Buy/Sell Jupiter

What has been going on with Jupiter in the last 30 days

The coin displayed a positive trend in the last 30-days, as the price of Jupiter went up by 12.12%. However, the medium-term trend for Jupiter has been bearish, with JUP dropping by -16.90% in the last 3 months.

The long-term picture for Jupiter is positive, as JUP is currently displaying a 24.14% 1-year price change. Last year on this day, JUP was trading at $ 0.724457.

Jupiter reached its all-time high price on Apr 01, 2024, when the price of JUP peaked at $ 1.84. The current JUP cycle high is at $ 1.22, while the cycle low is at $ 0.639633. JUP has been displaying low volatility recently – the 1-month volatility of the coin is at 6.99. In the last 30 days, Jupiter recorded 14 green days.

Jupiter technical analysis for today - Oct 20, 2024

The sentiment in the Jupiter markets is currently Bullish, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 0.829907, $ 0.793708 and $ 0.771804, while $ 0.888010, $ 0.909914 and $ 0.946113 are the key resistance levels.

Bullish sentiment for Jupiter

19 indicators are currently signaling a bullish prediction for Jupiter, while 4 indicators are showing a bearish forecast. With 83% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for Jupiter.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 72 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed†reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear†reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Jupiter moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Jupiter is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Jupiter is at 50.69, suggesting that JUP is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Jupiter over the last 50 days. Currently, Jupiter is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the JUP closing price for the last 200 days. JUP is now trading above the SMA 200, signaling that the market is currently bullish.

The bottom line about this Jupiter prediction

After considering the above factors, we can conclude that the current forecast for Jupiter price prediction is Bullish. JUP would have to increase by 30.65% to hit our $ 1.17 target within the next five days. Moving forward, it will be important to monitor the JUP market sentiment, the key support and resistance levels, and

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