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Kevin Cryptonomist
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The cryptocurrency Jupiter (JUP) has been underperforming in the market, with a -3.24% decrease against the US Dollar today. It also recorded a -2.19% loss against Bitcoin (BTC) and a -3.98% decrease against Ethereum (ETH). The coin is currently trading 23.28% below the prediction made on May 2, 2024. In the last month, Jupiter has dropped -22.82% but it is up 35.85% since a year ago. Despite the bearish sentiment and the Fear & Greed index indicating greed, the coin is expected to rise by 30.15% in the next 5 days, reaching a price of $1.28 by May 2, 2024. However, the overall market outlook is pessimistic. The coin's performance has been marked by high volatility, with a 1-month volatility rate of 17.03%. The key support levels are at $0.971773, $0.950996, and $0.913850, while the key resistance levels are at $1.03, $1.07, and $1.09. Technical indicators suggest a bearish forecast for Jupiter, with 94% favoring a negative prediction. The Relative Strength Index (RSI 14) for Jupiter is at 42.10, suggesting that JUP is currently neutral. The 50-day Simple Moving Average (SMA 50) indicates a bullish signal, while the 200-day Simple Moving Average (SMA 200) signals a bearish market. Given the unpredictable nature of the cryptocurrency markets, investors are advised to seek independent professional consultation before making any investment decision.

The cryptocurrency Jupiter (JUP) has been underperforming in the market, with a -3.24% decrease against the US Dollar today. It also recorded a -2.19% loss against Bitcoin (BTC) and a -3.98% decrease against Ethereum (ETH). The coin is currently trading 23.28% below the prediction made on May 2, 2024.

In the last month, Jupiter has dropped -22.82% but it is up 35.85% since a year ago. Despite the bearish sentiment and the Fear & Greed index indicating greed, the coin is expected to rise by 30.15% in the next 5 days, reaching a price of $1.28 by May 2, 2024.

However, the overall market outlook is pessimistic. The coin's performance has been marked by high volatility, with a 1-month volatility rate of 17.03%. The key support levels are at $0.971773, $0.950996, and $0.913850, while the key resistance levels are at $1.03, $1.07, and $1.09.

Technical indicators suggest a bearish forecast for Jupiter, with 94% favoring a negative prediction. The Relative Strength Index (RSI 14) for Jupiter is at 42.10, suggesting that JUP is currently neutral. The 50-day Simple Moving Average (SMA 50) indicates a bullish signal, while the 200-day Simple Moving Average (SMA 200) signals a bearish market.

Given the unpredictable nature of the cryptocurrency markets, investors are advised to seek independent professional consultation before making any investment decision.

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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