Jupiter (JUP) Price Launches Bullish Attack with 20% Surge; Can it Rise By 50% to Set New ATH at $2?
The popularity of the popular headquarters Jupiter, a polymer, expanded the price for a few days in a few days, attracted great attention from traders. The daily number has soared from a level below less than $ 500 million to the gold bars that exceed the claim. As a result, the price of JUP increased by 25 % in the past 24 hours. In this way, Jupiter is expected to enter the top 50 cryptocurrency rankings with the growth of more than $ 2 billion.
Why is Jupiter soared?
In the past few days, the platform has made several huge upgrades, and it is believed that it has benefited its local tokens. First of all, it announced a major expenses rolling, of which a $ 50 million JUP tokens repurchased, using 50 % of the 2024 income. Next, it also revealed its plan to burn 3 billion Jup token, and finally clarified the expansion of its ecosystem. Jupiter launched Jupnet through Moonshot’s main shares.
In addition, the platform also announced a $ 10 million AI fund provided by Eliza Labs, focusing on enhancing the Solana ecosystem. This strategic partnership is considered to be the most important partnership that may promote technological progress. Therefore, traders have become optimistic, and the purchase activities have gained huge motivation, because traders seem to be optimistic about JUP price rally.
Will the price of JUP marked the new ATH in February 2025?
Since the beginning of this year, JUP’s price has been defending a lower support area, which has become a powerful foundation. As a result, the price triggered a strong rebound, and a large number of breal candles were printed. At present, the price seems to be ready to take the temporary high point to more than 1.4 US dollars, and the more increase is coming.
Jup’s daily chart seems to be very powerful, because the Bulls have not left any stones, but keep upright. The cross -border of MA on 50/200 days caused some concerns, but the 50 -day MA seemed to be preparing for the cross -border or gold cross stand that was immediately watched. In addition, the currency flow of the chain forest has been hovering near the average or “0”, which indicates that the rally has maintained strength during the recent selling. Now that it has improved “0”, it indicates that the strength of the market has improved.
Therefore, Jupiter’s price seems to be ready to test $ 1.3 from any current time, and the continuous violations may ultimately push the price to the final resistance area. Once the area is tested and cleared between $ 1.37 and $ 1.39, it may initially may be more than $ 1.5 and later formed a new ATH, then close to $ 2.
