Jupiter has gained over 12% in the past week, with an additional 9% added in the last 24 hours. This marks a clear rebound after a prolonged bearish phase over the last few days. Trading volume has surged more than 200% over the same period, pointing to renewed interest and higher market activity.
Short-term indicators reflect growing momentum. The RSI(7) has reached 62, nearing overbought conditions, while the RSI(14) remains neutral at 54. The Money Flow Index (MFI) stands at 59, confirming increased buying pressure. These figures suggest sustained upward movement, though not without potential for short-term cooling.
Read also: Are You Really Getting In Early in Crypto Presales?
Resistance Levels and Price Structure
Price is currently testing resistance at $0.2304, which aligns with the 78.6% Fibonacci retracement. This zone is also near the upper Bollinger Band at $0.2337. A break above this level could open the way toward the next Fib barrier at $0.2783. If the price fails to move higher, a return to the lower Bollinger Band at $0.1808 remains possible.
There is no confirmed breakout yet, but the structure has shifted toward a more bullish pattern. The rising volume adds support to this move, though further confirmation would require a close above resistance with continued volume strength.
Read also: Coinbase Acquires Solana-Based Vector.fun to Boost On-Chain Trading
Summary
Technical indicators point to growing upward momentum, supported by rising volume and renewed interest. However, the token is approaching key resistance, and short-term signals are nearing overbought territory. While the overall trend has improved, further movement will likely depend on whether the current level is broken or rejected.
