Jupiter (JUP)

With a market cap of $1.5 billion, the Jupiter token is currently trading at $1.13. Over the past 24 hours, the altcoin has increased by 5.25% and is currently at a discount of 45% from its all-time high level of $2.04.

Over the last 30 days, it has increased by 35%, revealing a bullish trend in action. In the daily chart, the Jupiter price action shows a triangle breakout rally gaining momentum. This has led to a higher high formation in the daily price trend and a reclamation of the 50% Fibonacci level at the $1.00 psychological mark.

The bullish surge has resulted in a positive crossover between the 50-day and 200-day SMA line. This marks a golden crossover and increases the uptrend continuation chances.

Currently, with a bullish engulfing candle, the JUP price action shows a poor status reversal from the $1.00 mark. Further, the bull run is struggling to reduce the 61.8% Fibonacci level at $1.20.

However, as a rising DEX over the Solana network, Jupiter shows massive momentum. The Fibonacci levels being the upside target at $2.26 and $3.16 at $1.272 and $1.618 levels. $JUP