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.