Jupiter Price Prediction: JUP Rises 12%, But Analysts Say New Solana Meme Coin Smogs Consider for 100X Gains.

adminMarch 2, 2024

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Jupiter price is up 12% in the last 24 hours. Traded at $0.6304 As of 8:22 a.m. EST, trading volume was up 4.4% to $388 million.

Jupiter’s market share has soared alongside Solana’s strong performance, making it the second-largest decentralized exchange (DEX) behind Uniswap.

The platform’s innovative strategies, including smart routing and trade splitting across a variety of DEXs such as Orca and Raydium, ensure users have access to arguably the best trading prices and improved liquidity.

The recent airdrop of $JUP tokens also sparked interest in Jupiter.

Jupiter price has crossed the consolidation phase.

jupiter price

JUPUSDT Analysis by Tradingview

Jupiter price has moved beyond a prolonged consolidation phase as the support zone at $0.4565 acted as a launching pad and helped the bulls push the price higher.

Despite the brief decline, the bulls took advantage of the support level at $0.5504 to push the price higher in a bull rally that hit a new high of $0.60.

Jupiter’s price action currently shows strength and resilience with the token trading above the 50 and 200 simple moving averages (SMAs), which act as immediate support for the Jupiter price.

The moving average intersection at $0.4968 confirms the overall bullish momentum, empowering bulls to continue their bullish stance above the consolidation phase.

Although there was a slight decline, the Relative Strength Index (RSI) rebounded from the neutral position of 50 and is still showing an upward trend to 60. Continued upward momentum could push RSI into overbought territory of 70, confirming the overall bullish sentiment.

Jupiter prices may fall in the short term

Jupiter price bulls seem poised to continue the trend, aiming to regain all-time highs (ATH). However, the resistance level at $0.6493 prevented the bulls from taking any further profits and encouraged the bears to push the price lower in a correction to recover their losses.

If the bearish correction continues, the bears could fall to $0.5833. Pushing further to the downside, we see the bulls retreating to the upper boundary of the consolidation channel.

If you missed the Jupiter price surge, you can diversify your portfolio with SMOG, which promises to be the largest airdrop launch in history. It also surged 16% today, outperforming JUP.

SMOG Meme Coin: 100x Cryptocurrency Gems

smog After debuting on the Jupiter DEX in early February, it immediately soared more than 3,000%, delivering huge profits to early buyers.

Smog is making things even more exciting by announcing the ‘greatest’ airdrop in history. This presents a fantastic opportunity, especially for investors who missed Jupiter’s $700 million airdrop on Solana.

The Smog team is allocating 35% of the total 1.4 billion token supply to be distributed to community members.

Earn More Points and Enjoy 42% APY on Zealy for Airdrop

Buy and Hold If you have SMOG in your wallet, you can participate in the Smog airdrop. However, to receive more airdrop tokens, you can join Smog’s social managed by Zealy by participating and completing tasks through quests to earn points.

Currently, over 800,000 quests have already been completed.

BONK, WIF and MYRO holders will receive $1,500 worth of SMOG tokens through daily airdrop distribution.

join #smog To the community #jilly And try increasing your points $smog #airdrop. 🐲
Complete quests to earn extra points! 📊
Stay tuned for future announcements. 📢🔗https://t.co/3EQxvQwsw3#Cryptocurrency Community #altcoin #memecoin #Binance #Cryptocurrency
— Smog (@SMOGToken) February 21, 2024

The project is currently preparing for listing on further major exchanges, presenting an ideal moment to participate. With over 30,000 SMOG holders participating, the project currently offers an impressive Annual Percentage Yield (APY) of 42%.

SMOG has also caught the attention of analysts like CryptoGains, who say SMOG has the potential to surge 100x after launch, helping create new millionaires this year.