😱🚀🚀Solana bull benefited the altcoin: JUP exceeded 2 billion TVL

Jupiter ($JUP ), one of the most active decentralized exchanges in the Solana ecosystem, has seen growth during the memecoin craze.

As the crypto time continues to be active, investor interest has shifted to decentralized exchanges. Traders are using decentralized exchanges to find potential memecoins. This activity has been a lifesaver for Jupiter, one of the most popular decentralized exchanges on the Solana network.

Hosting a trading volume of $400 million, Jupiter has reached over $2 billion in total assets locked (TVL).

AMBCrypto stated that the #JUP price has growth potential. In the prepared analysis, the price levels that need to be broken for an uptrend were evaluated.

Jupiter (JUP) analysis

Jupiter (JUP), which is in the Solana ecosystem, has increased by nearly 10 percent in recent days due to increasing trading performance and investor interest.

According to AMBCrypto’s analysis, it managed to break the descending triangle formation and JUP gained momentum by exceeding $2 billion TVL. The bullish expectation was a changing social dominance that took shape. While Jupiter’s popularity increased, liquidation data pointed to investor interest.

JUP price could not hold on to the updated 1.3233 level. The popular altcoin fell to 1.20 during the day. Bollinger Bands (BB) on the JUP chart signaled that price volatility increased.

JUP may retest the $1.27 resistance during strong buying activity. If this resistance is overcome and maintained, its price is expected to move to the $1.78 resistance.

The analysis included;

“The Relative Strength Index (RSI) reached 70, reflecting intense buying pressure, while also warning that the asset is at risk of short-term overload.”

AMBCrypto, who predicted that JUP will reach the $1.78 resistance, stated that short-term pullbacks will be considered normal.

On the other hand, the JUP price may gradually retreat to the $1.27 resistance in one direction.

#JUPUSDT #SOLMarketMove #binance #SOL