{"id":41588,"date":"2024-11-18T12:14:09","date_gmt":"2024-11-18T12:14:09","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/jup-price-prediction-analyst-says-it-could-mirror-sol\/"},"modified":"2024-11-18T12:14:09","modified_gmt":"2024-11-18T12:14:09","slug":"jup-price-prediction-analyst-says-it-could-mirror-sol","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/jup-price-prediction-analyst-says-it-could-mirror-sol\/","title":{"rendered":"JUP price prediction: Analyst says it could mirror SOL"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1679405711055-f1435be8-6e0f-4508-afe9-84d8ffb3cd93-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1679405711055-f1435be8-6e0f-4508-afe9-84d8ffb3cd93-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1679405711055-f1435be8-6e0f-4508-afe9-84d8ffb3cd93-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1679405711055-f1435be8-6e0f-4508-afe9-84d8ffb3cd93-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>JUP price has retested a key resistance line after bouncing above $1.<\/li>\n<li>Crypto analyst Rekt Capital suggests holding above support level will help bulls soar.<\/li>\n<\/ul>\n<p>As Solana price surges above $240 and nears its all-time high, crypto analyst Rekt Capital says Jupiter (JUP) could follow suit.<\/p>\n<p>The native token of the decentralized exchange (DEX) aggregator, which counts as a major ecosystem player for Solana, is attracting attention for its potential.<\/p>\n<p>\u201cJupiter was able to successfully retest the previous resistance area (red) into new support. In fact, JUP performed a volatile downside retest into the multi-month blue diagonal resistance as well. Continued stability here and JUP could follow SOL,\u201d the analyst <a href=\"https:\/\/x.com\/rektcapital\/status\/1858465120474501612\" target=\"_blank\" rel=\"noopener\">wrote<\/a> on X on Nov. 18.<\/p>\n<p>Here\u2019s the chart the analyst shared, indicating possible support levels for JUP on the weekly time frame.<\/p>\n<figure id=\"attachment_247907\" aria-describedby=\"caption-attachment-247907\" class=\"wp-caption alignnone\"><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"size-full wp-image-247907\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2024\/11\/jup-chart-rekt-capital.jpg\" alt=\"\" width=\"1794\" height=\"1266\"\/><figcaption id=\"caption-attachment-247907\" class=\"wp-caption-text\">JUP weekly price chart by Rekt Capital<\/figcaption><\/figure>\n<h2>JUP price at key level<\/h2>\n<p>Earlier, the analyst had pointed to JUP\u2019s bullish weekly close above $1.10. Noting that price was \u201cshowing initial signs of support,\u201d Rekt Capital <a href=\"https:\/\/x.com\/rektcapital\/status\/1855938332141744261\" target=\"_blank\" rel=\"noopener\">said<\/a>:<\/p>\n<p>\u201cJUP will need to form a base here at the red region to enable a move above $1.29 (black) which needs to be reclaimed for future trend continuation.\u201d<\/p>\n<p>The altcoin rose to above $1.30 on Nov. 17, breaking to highs last seen in May. While profit taking deals have pushed JUP lower to $1.20, sentiment suggests a rebound is imminent. At the time of writing, JUP is hovering above the psychological $1 level, having bounced from lows of $1.04 to retest levels seen in May.<\/p>\n<p>Breaking to the supply zone means a rally riding broader market momentum could see buyers target the all-time high of $2.00 reached in January 2024.<\/p>\n<p>On the downside, the rejection at $1.30 could see bears push JUP beyond the primary support area. A retreat to below the horizontal support near $0.70 will bring the $0.50 area into view.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/jup-price-prediction-analyst-says-it-could-mirror-sol\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) JUP price has retested a key resistance line after bouncing above $1. Crypto analyst Rekt Capital suggests holding above support level will help bulls soar. As Solana price surges above $240 and nears its all-time high, crypto analyst Rekt Capital says [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":41589,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/41588"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=41588"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/41588\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/41589"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=41588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=41588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=41588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}