Jupiter is under pressure again, falling 7.9% over the last 24 hours and nearly 25% on the week. The token is now trading at $0.1467, close to its all-time low set during the flash crash in October. While the broader crypto market has also turned red this week, Jupiter’s losses have outpaced most other coins, erasing much of the progress from its recent bounces.
The current price is pressing against the lower Bollinger Band at $0.1449, reflecting high downside momentum and elevated volatility. Jupiter has now lost over half its value in the past quarter, with little in the way of confirmed support between current levels and the historical floor.
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Oversold Momentum Builds
Momentum indicators suggest selling pressure may be nearing exhaustion. The RSI(14) has slipped to 35, while the faster RSI(7) has entered oversold territory at 28. Historically, similar setups have led to short-lived bounces, though none have materialized yet during this slide.
Price has also fallen well below the 78.6% Fibonacci retracement at $0.1961, with the next key level now sitting near $0.1389 – the 100% retracement from its recent swing. If that floor fails to hold, it would confirm a full reversal towards a new all-time low.
Earlier gains driven by partnership announcements were short-lived and have now been fully erased. While those updates briefly pushed the price higher in January, they failed to reverse the broader downtrend.
Read also: Jupiter Integrates Polymarket, Bringing Prediction Markets to Solana
Outlook
Jupiter is now trading just above its all-time low, with RSI levels oversold and price hugging the lower Bollinger Band. This technical setup increases the probability of a short-term bounce – but if $0.1389 is breached, the structure will likely break down completely, pushing the coin to new lows.
