Join Our Team Telegram Stay up-to-date with breaking news on Channel
Jupiter’s price has increased by 12% over the past 24 hours to trade at $0.6304 Trading volume increased 4.4%, to $388 Million as of 8 a.m.
Jupiter’s share of the market has risen along with Solana’s performance. It is now the second largest decentralized exchange after Uniswap.
Users have access to the most competitive trade prices, thanks to the platform’s innovative strategies, including smart routing, and dividing trades between different DEXes such as Orca, and Raydium.
Jupiter has been boosted by the recent $JUP airdrop.
Jupiter Price Breaks Above the Consolidation Stage
JUPUSDT Analysis by Tradingview
Jupiter’s price has broken through the long-term consolidation phase. The support zone of $0.4565 is a launchpad that helps the bulls drive the price higher.
The bulls, despite a short pullback, took advantage of the support at $0.5504 and drove the price higher in a bull run, breaking the $0.60 peak.
Jupiter’s price movement paints a picture that is full of strength and resilience. The token currently trades above the 50- and 200-day simple moving averages.
The moving average cross at $0.4968 confirms the general bullish trend, and empowers the bulls to maintain their bullish stance beyond the consolidation phase.
The Relative Strength Index is still moving upwards at 60 despite a slight pullback. It has risen from the neutral 50 position. The RSI could continue to rise, reaching the 70 overbought level. This would confirm the bullish outlook.
Jupiter Price may decline in the short term
Jupiter’s bulls appear to be poised to maintain the current trend and reclaim their all-time high. But the resistance at $0.6493 prevented the bulls to continue profiting. This encouraged the bears, who drove the price lower in a correction, to recover their loss.
If the correction continues to be bearish, the bears might force a decline down to $0.5833. If the bears continue to push down, they will reach the upper edge of the channel.
If you missed out on the Jupiter price rise, you can diversify your portfolio by investing in SMOG. It promises the largest airdrop ever. The price of SMOG has also risen by 16%, outperforming JUP.
SMOG Meme Coin – A 100x Crypto Coin
SMOG Early buyers of the stock saw huge returns as it debuted in February on Jupiter DEX.
Smog has generated even more excitement with the announcement of a massive airdrop. “the greatest in history.” This is a great opportunity for investors, particularly those who missed Jupiter’s airdrop of $700 million on Solana.
The Smog Team will allocate 35% of their total token supply, which is 1.4 billion, to the community.
Earn More Points on Zealy and Enjoy 42% APR
Buying and holding If you have SMOG on your wallet, you are eligible to take part in the Smog airdrop. You can earn more tokens by joining Smog’s socials that are managed by Zealy. This is done by participating in quests and completing tasks to collect points.
Over 800,000 quests have already been completed.
Airdrops are distributed every day to holders of BONK tokens, WIF tokens, and MYRO tokens, who receive SMOG tokens worth $1,500.
Join Us #SMOG Community on #Zealy You can earn more points by increasing your score $SMOG #Airdrop. 🐲
Complete quests for extra points! 📊
Keep an eye out for future announcements. 📢🔗https://t.co/3EQxvQwsw3#CryptoCommunity #Altcoins #Memecoins #Binance #Crypto
— SMOG (@SMOGToken) February 21, 2024
The project has been working on arranging for the project to be listed on other major exchanges. Now is a great time to get involved. The project offers a 42% annual percentage return (APY) to its SMOG holders.
SMOG also has attracted the attention of analysts such as CryptoGains who say SMOG can surge 100X upon launch and help mint a whole new batch of millionaires in this year.
Buy Smog Online the official website Get 10% off. To be eligible for this historic airdrop, you will need a wallet compatible with ETH and USDT.
Related Articles
New Crypto Mining Platform: Bitcoin Minetrix
- Audited by Coinsult
- Decentralized, Secure Cloud Mining
- Daily Bitcoin Giveaways
- BTCMTX – Native Token is now on sale.
- Staking Rewards: Over 50% APY
Join Us Telegram Stay up-to-date with breaking news on Channel
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
Source: insidebitcoins.com
