Jupiter (JUP) Price Prediction 2024-2030: Will JUP Price Hit $1 Soon?

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Jupiter (JUP) Price Prediction 2024-2030: Will JUP Price Hit $1 Soon?
  • Bullish Jupiter (JUP) price prediction ranges from $0.53 – $1.
  • Analysis suggests that the Jupiter (JUP) price might reach above $2.
  • The Jupiter (JUP) bearish market price prediction for 2024 is $0.31.

What is Jupiter (JUP)?

Jupiter (JUP), the native token of Jupiter, a decentralized exchange aggregator on Solana, is one of the newest players in the crypto market. 

The exchange itself was established in 2021, but the coin was launched earlier this year. Jupiter is the key liquidity aggregator for Solana, and the token will serve as the governance token and symbol for “DeFi 2.0,” according to the pseudonymous founder. 

The founder claimed that Jupiter’s liquidity reached 96,164,550.29 JUP and 69,927,955.07 USDC. Moreover, Jupiter will launch Jupiter DAO soon to move Jupiter, Solana, and crypto forward. 

Jupiter (JUP) Price Analysis – Relative Strength Index (RSI) 

The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of price movement. Traders often use this tool to make decisions about when to buy or sell the tokens.

When the RSI is often valued below or at 30, it is considered an oversold region, and when the RSI is valued above or at 70, it is considered an overbought region.

JUP/USDT – 30-minute chart | Relative Strength Index. (Source: TradingView)

Jupiter (JUP) is currently standing at 37.16 of RSI, a bearish indicator as the indicator is nearing the 30 mark. The fact that the RSI line (purple) is below the signal (yellow) confirms the bearish trend. For a few hours on February 7, the RSI entered the overbought region, crossing the 70 mark and reaching 79.8. The brief spike was reflected in Jupiter’s price, as seen in the chart above. 

JUP/USDT – 30-minute chart | Bollinger Bands. (Source: TradingView)

Bollinger Bands is a technical tool used to analyze price movement and volatility. Expanding bands show more volatility, while contracting bands show that the market is less volatile. Looking at the chart above, Jupiter (JUP) touched the lower band multiple times while having contracting bands, showing the market is less volatile. Both of these indicators could mean that the price is going through an oversold region and that an increase in the price is expected to occur. 

Jupiter (JUP) crossed the Simple Moving Average (SMA) line and went lower. Jupiter might be recovering from the recent spike, as the price traded near the Bollinger Band upper line for a while. When the price is near the upper band, it indicates that the token is overbought and a price correction is anticipated, which explains the recent price movement and behavior. 

Jupiter (JUP) Price Analysis – Support and Resistance Levels

JUP/USDT – 30-minute chart | Bollinger Bands. (Source: TradingView)

Support is the level at which demand is strong enough to stop the stock from falling any further. Currently, Jupiter (JUP) is relying on the $0.5377 line. The current price of $0.5441 is slightly higher than the support line, and if bullish momentum started, the price could go up and test its resistance level. 

Since falling below $0.5654, Jupiter (JUP) has been struggling to go higher, turning what used to be its support into a new resistance level. The price previously struggled with that resistance level, as the price traded below $0.5654 and tried to break higher twice but failed. A recent price spike was able to break through that resistance, but after the spike waved off, the struggle continued.

JUP’s hitting its support level of $0.5377 and going up could be a good indicator that bulls are defending the line and the price could go higher. However, if the momentum didn’t gain enough strength and bears gained control over the bulls, Jupiter (JUP) could fall further, possibly testing its second support level of $0.5109. 

Jupiter (JUP) Price Analysis – Moving Average Convergence Divergence and Aroon Indicators

JUP/USDT – 30-minute chart | MACD and Aroon. (Source: TradingView)

The Moving Average Convergence Divergence (MACD) indicator can be used to identify potential price trends, momentums, and reversals in markets. The MACD indicator is calculated by subtracting the long-term EMA (Exponential Moving Average) indicator from the short-term EMA. 

Looking at the chart above, the 12-day EMA just crossed over the 26-day EMA, giving a bullish indicator. The 12-day EMA was lower than the 26-day EMA for a few hours between February 7 and February 8, which was reflected in the recent price decrease. 

If the 12-day EMA gained momentum, we could see a price increase, but the Aroon Indicator diminished the chances of an uptrend. 

The Aroon indicator signals when there is a strong uptrend or downtrend. The Aroon indicator consists of two lines: Aroon Up and Aroon Down, the Aroon Up is usually demonstrated in orange, and the Aroon Down is shown in blue. 

Looking at the given chart, the Aroon Up was at 0%, while the Aroon Down was at 35.71%. The Aroon Down surpassing the Aroon Up could potentially signify an upcoming downtrend. 

Jupiter (JUP) Price Prediction 2024

After analyzing the charts and looking at the recent price movement for Jupiter (JUP), in case of bullish sentiment, Jupiter might see an increase and go over its all-time high of $2.0. 

Moreover, the crypto community is anticipating the Bitcoin halving in April. The Bitcoin halving usually drives the market into a bull run, with altcoins making higher highs. In the aftermath of the Bitcoin halving, Jupiter’s potential to reach above $2.0 is likely. 

However, if Jupiter’s price didn’t gain enough momentum, and bears took control of the market, we could see the price reaching $0.51.

Jupiter (JUP) Price Prediction 2025

Jupiter (JUP) may still experience the after-effects of the Bitcoin halving and is expected to trade above its 2024 price. Analysts predict that the halving could create a huge impact on the crypto market, leading Jupiter, as well as many other altcoins, to continue rising in 2025. It is expected that JUP will trade beyond the $6 level.

Jupiter (JUP) Price Prediction 2026

It is expected that after a long period of bull runs, the bears will come into power and start negatively impacting cryptocurrencies. During this bearish sentiment, JUP could tumble into its support regions. During this period of price correction, JUP could lose momentum and be a little below its 2025 price. As such, it could be trading at $10 by 2026.

Jupiter (JUP) Price Prediction 2027

Naturally, traders expect bullish market sentiment after the crypto industry was negatively affected by the bears’ claw. Moreover, the build-up to the next Bitcoin halving in 2028 could evoke excitement in traders. We could expect JUP to trade at around $17 by the end of 2027.

Jupiter (JUP) Price Prediction 2028

As the crypto community’s hope will be re-ignited looking forward to Bitcoin halving like many altcoins, JUP will continue to form new higher highs and is expected to move in an upward trajectory. Hence, JUP would be trading at $28 after experiencing a massive surge by the end of 2028.

Jupiter (JUP) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment and the slight price surge expected after the aftermath, JUP could be trading at $37 by the end of 2029.

Jupiter (JUP) Price Prediction 2030

After witnessing a bullish run in the market, JUP and many altcoins would show signs of consolidation and might trade sideways and move downward for some time while experiencing minor spikes. Therefore, by the end of 2030, JUP could be trading at $43.

Jupiter (JUP) Price Prediction 2040

Jupiter’s long-term forecast indicates that this altcoin could reach a new all-time high. This would be one of the key moments, as hodlers may expect to sell some of their tokens. If they start selling, JUP could fall in value.

It is expected that the average price of Jupiter could reach $50 by 2040.

Jupiter (JUP) Price Prediction 2050

The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, JUP could hit $60.

Conclusion

To conclude, we could expect JUP to reach $2.0 in 2024 if it experiences an extremely bullish market condition and investors show optimistic behavior towards altcoins. Meanwhile, Coin Edition’s price prediction article shows that JUP may trade at a new level of $60 in 2050.

FAQs

What is Jupiter (JUP)?

Jupiter (JUP) is the native token of Jupiter, a decentralized exchange aggregator on Solana.

How to buy Jupiter (JUP) tokens? 

Traders can buy Jupiter (JUP) from Binance, Bybit, OKX, HTX, KuCoin, Kraken, and Gate.io.

Can JUP reach $10 soon? 

According to analysis, JUP could reach $10 soon if the bullish momentum continued.

Is JUP a good investment? 

Although Jupiter (JUP) isn’t showing bullish momentum currently, the price might bounce back after reaching the bottom.

What is the present all-time high for Jupiter (JUP)?

The highest price paid for Jupiter (JUP) is $2.00, which was recorded on January 31, 2024.

What is the present all-time low for Jupiter (JUP)?

The lowest price paid for Jupiter (JUP) is $0.5134, which was recorded on February 6, 2024. 

What is the maximum supply of JUP?

The maximum supply of Jupiter (JUP) is 10,000,000,000 JUP.

What will be the Jupiter (JUP) price in 2024?

Jupiter might see an increase in 2024 and go over its all-time high of $2.0.

What will be the Jupiter (JUP) price in 2025?

Jupiter’s (JUP) price in 2025 will be $6.

What will be the Jupiter (JUP) price in 2026?

Jupiter’s (JUP) price in 2026 will be $10. 

What will be the Jupiter (JUP) price in 2027?

Jupiter’s (JUP) price in 2027 will be $17.

What will be the Jupiter (JUP) price in 2028?

Jupiter’s (JUP) price in 2028 will be $28.

What will be the Jupiter (JUP) price in 2029?

Jupiter’s (JUP) price in 2029 will be $37.

What will be the Jupiter (JUP) price in 2030?

Jupiter’s (JUP) price in 2030 will be $43.

What will be the Jupiter (JUP) price in 2040?

Jupiter’s (JUP) price in 2040 will be $50.

What will be the Jupiter (JUP) price in 2050?

Jupiter’s (JUP) price in 2050 will be $60.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.