Jupiter Retracts from $0.63, Maintaining $0.51 as Crucial Support Barrier
Jupiter (JUP) Faces Resistance as Experts Forecast Bullish Potential
The cryptocurrency market is witnessing a period of fluctuation, with Jupiter (JUP) trading around the $0.54 mark as of now. However, the pullback has brought the price action closer to the mid-range support zone at $0.51, which could serve as the next possible bounce area if the current downward pressure continues.
Recent price action has shown multiple rejections around the $0.63 resistance level, indicating heavy supply from sellers. Market participants are closely watching to see if buyers will defend the higher low structure or if sellers will take control again. A clear failure to break $0.63 suggests a temporary top unless buyers regain control above $0.59.
Looking ahead, predictions for JUP in 2025 vary but generally expect moderate to strong growth over the next several years. A conservative forecast expects JUP to trade around $0.52 to $0.55 in 2025–2026, showing minimal to moderate increase from current levels (~$0.53). More optimistic forecasts anticipate a strong rally to $1.04 to $2.15 by the end of 2025, suggesting significant upside despite near-term resistance.
Looking further ahead, Jupiter could see substantial gains by 2030. Predictions range from about $0.66 to $12.91, with more bullish sources highlighting $8.55 or even $12.91. The long-term outlook to 2050 also shows a strong potential cumulative increase, with prices possibly reaching between $1.76 and above $2.0, reflecting Jupiter’s potential growth in DeFi and the broader Solana ecosystem.
It's important to note that these forecasts are speculative and should be approached cautiously for investment decisions. The quick pullback from $0.63 to the mid-$0.54 level demonstrates the rapid reversal of momentum at resistance. If sellers keep dominating, a retest of the $0.51 zone could occur within days. The key question now facing traders is whether Jupiter (JUP) will reclaim $0.63 or revisit lower supports like $0.51 and $0.39.
As of July 28, JUP was trading at $0.54318, with intraday movement ranging between $0.5404 and $0.5443. The overall structure remains within a wide horizontal channel between $0.27 and $0.76, with JUP currently in the upper half of this range. The daily chart presents horizontal zones drawn at $0.27, $0.39, $0.51, $0.63, and $0.76, identifying supply and demand levels. The reaction at $0.63 has cooled immediate bullish momentum, and consolidation beneath resistance increases the risk for a further drop if momentum does not return. The next few daily candles will be important to confirm direction.
[1] Source: Changelly [2] Source: Benzinga [3] Source: Coinpedia
- In the realm of cryptocurrency finance, investors are keeping a close eye on Jupiter (JUP)'s performance, as predictions for 2025 vary from moderate to strong growth, with some forecasting a significant upside despite near-term resistance.
- Although JUP has shown resistance around the $0.63 mark, with sellers dominating the market, long-term predictions anticipate substantial gains for Jupiter, with prices potentially reaching anywhere between $0.66 and $12.91 by 2030, reinforcing the potential for crypto investing in the DeFi and Solana ecosystem.
