Jupiter JUP Price Drop: 78% Fall Meets Key Support

Background: Jupiter (JUP) Market Faces Pressure and Recovery Signals

Jupiter (JUP) has experienced significant volatility, with its price plummeting by 78% from its all-time high, according to CryptoNews. Data reported by BeInCrypto confirms this sharp Jupiter JUP price drop. The decline comes even as the project announces several key developments aimed at strengthening its ecosystem and broadening its institutional appeal.

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Recently, Jupiter rolled out JupNet—an upgraded network integrated with BitcoinKit—which enables native Bitcoin cross-chain DeFi transactions. If successful, JupNet could facilitate the easy flow of BTC into decentralized finance applications such as lending and yield farming, expanding Jupiter’s utility in the broader crypto ecosystem.

In addition, investment product issuer 21Shares has launched AJUP, a new product providing institutional investors direct exposure to JUP. The emergence of AJUP represents an effort to reduce Jupiter’s reliance on retail investors and increase mainstream adoption.

Market Reaction: Technical Support and Community Response

In the spot market, heavy selling pressure has led to a severe Jupiter JUP price drop. Trading volumes have surged, highlighting the scale of recent sell-offs. Current charts show JUP rebounding slightly from a support level near $0.41, while the next resistance zone lies between $0.44 and $0.45. Technical indicators such as the MACD point toward a possible bullish crossover, with the RSI ascending from oversold levels. These technical factors suggest the possibility of a short-term price rebound.

Despite these recovery signs, bearish sentiment remains prevalent among traders. Analysts indicate that a sustained move above the $0.45 resistance could see JUP target $0.48 next.

Community sentiment plays a substantial role in determining the token’s direction. Many community members are urging the project’s team to implement measures like token buybacks or burns to decrease circulating supply and enhance market confidence. One X user remarked, “yall needa do some more buybacks and burns or something man. This is pitiful price action. I know yall are making a shit ton and should have a healthy warchest to paint a nice chart to give investors and holders something to believe in,” as cited in CryptoNews.

What’s Next: Catalysts and Stakeholder Initiatives

According to DeFiLlama data, Jupiter remains among the top four DEX aggregators in 24-hour trading volume. The platform’s cumulative fees and revenue have reached $1.24 billion and $313 million, respectively. Meteora’s recent move to allocate 3% of its Token Generation Event (TGE) to JUP stakers provides an additional incentive for holders to stake their tokens, which may help ease short-term selling pressure and support the on-chain structure.

Market recovery for JUP hinges on the effective execution of these positive catalysts—namely, technical upgrades, product launches, and community governance actions. Whether the market will see a sustained turnaround depends on continued development, moderation of selling pressure, and a restoration of investor confidence.

For ongoing updates on DeFi and token market news, see Vizi’s cryptocurrency section.