JUP Price Drops 10% as Smart Money Keeps Accumulating | Airdrop Alert Pro

Jupiter’s price has fallen by 10 % in the past 24 hours. After the intense rally of major development has intensified, the exchange rate has fallen by 10 %. In recent weeks, Jup has become headlines with key acquisitions (including Moonshot and Sonarwatch) and exceeds Raydium’s total value lock (TVL).

Despite the continuous correction, its EMA line is still in the bullish settings, and the smart funds are still accumulating JUP at the almost recorded level. Whether Jup finds support or extending it to below $ 1 will depend on the market’s response to its latest price change.

Jup Star (Jup) RSI hit too many areas and become neutral after it becomes neutral

Jupiter RSI After the announcement of the acquisition, the price four days ago reached 75.9 four days ago Moonshot And SonarWatch.

However, since then, as the price drops sharply, RSI has dropped to 51.44, and now it has dropped by about 10 % in the past 24 hours. This shows that the recent rally has lost its strength. As traders make profits, sales pressure is increasing.

RSI (relative strength index) measured momentum, the value is higher than 70, indicating too much conditions, below 30 signals exceeding the level. Jup’s RSI is now 51.44, which means that it no longer sells and sells too much, but does not reach the oversold territory.

If RSI continues to decline, further disadvantages may be. However, if the buyer intervenes and stabilizes the RSI, Jup can find support and try to recover.

Smart money currently holds 48.5 million times

Number of smart wallets Jupp Seeing a sharp growth, from 22nd on January 18 to 63 on January 23, then decreased to 44.

At the same time, the supply held by these wallets continued to grow, and 49.5 million came into contact with 49.5 million four days ago, from 38.7 million Jups to 46.2 million, and now reached 48.5 million. This shows that although some large holders may have withdrawn, the overall accumulation is still strong.

Follow the smart money It is important because these big holders will significantly affect price changes. Although the total number of smart wallets has declined from the peak on January 23, the JUP supply in these wallets is still very high, which is currently very close to its highest level.

This shows that fewer but larger entities are accumulating Jup, which may marked the firm beliefs between the main participants. If this trend continues, it may provide price stability and even promote potential rebound. However, if the accumulation speed slows or reverses, it may lead to increased sales pressure volatilityEssence

JUP price prediction: Will Jup soon be lower than $ 1?

Jupiter The EMA cable is still losing, and the short -term mobile average is still above the long -term. However, if the current correction continues, JUP can test the key support level to $ 0.98.

Losing this support may trigger further disadvantages, potentially dropped to $ 0.83 or even $ 0.76.

Despite continuous correction, the trend reversal may be seen Jupp Trying to break the level of resistance in the past has failed to exceed in recent days.

The first key goal was $ 1.22 and $ 1.27, which used to be strong resistance. If these are broken, JUP can test the level of about $ 1.4 again, thereby consolidating its position as one of the leaders SoranaEssence