Jupiter is Trading -24.05% Below Our Price Prediction for Oct 21, 2024

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

• Jupiter is down -3.32% today against the US Dollar
• JUP/BTC decreased by -4.55% today
• JUP/ETH decreased by -4.25% today
• Jupiter is currently trading 24.05% below our prediction on Oct 21, 2024
• Jupiter gained 18.55% in the last month and is up 18.64% since 1 year ago

JUP price is expected to rise by 29.97% in the next 5 days according to our Jupiter price prediction

Jupiter price today is trading at $ 0.859527 after losing -3.32% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -2.01% in the same time period. JUP performed poorly against BTC today and recorded a -4.55% loss against the world’s largest cryptocurrency.

According to our Jupiter price prediction, JUP is expected to reach a price of $ 1.13 by Oct 21, 2024. This would represent a 29.97% price increase for JUP in the next 5 days.

JUP Price Prediction Chart

Buy/Sell Jupiter

What has been going on with Jupiter in the last 30 days

Jupiter has been displaying a positive trend recently, as the coin gained 18.55% in the last 30-days. The medium-term trend for Jupiter has been bearish, with JUP dropping by -8.51% in the last 3 months. The long-term picture for Jupiter has been positive, as JUP is currently displaying a 18.64% 1-year price change. On this day last year, JUP was trading at $ 0.724457.

Jupiter reached its all-time high price on Apr 01, 2024, when the price of JUP peaked at $ 1.84. The current JUP cycle high is $ 1.22, while the cycle low is at $ 0.639633. JUP has been displaying low volatility recently – the 1-month volatility of the coin is at 7.82. Jupiter recorded 15 green days in the last 30 days.

Jupiter technical analysis for today – Oct 16, 2024

The sentiment in the Jupiter markets is currently Bullish, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 0.838285, $ 0.798972 and $ 0.753101, while $ 0.923470, $ 0.969341 and $ 1.01 are the key resistance levels.

Bullish sentiment for Jupiter

20 indicators are currently signaling a bullish prediction for Jupiter, while 4 indicators are showing a bearish forecast. With 83% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for Jupiter.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 73 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Jupiter moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Jupiter is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Jupiter is at 60.32, suggesting that JUP is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Jupiter over the last 50 days. Currently, Jupiter is trading above the SMA 50 trendline, which is a bullish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the JUP closing price for the last 200 days. JUP is now trading above the SMA 200, signaling that the market is currently bullish.

The bottom line about this Jupiter prediction

After considering the above factors, we can conclude that the current forecast for Jupiter price prediction is Bullish. JUP would have to increase by 29.97% to hit our $ 1.13 target within the next five days. Moving forward, it will be important to monitor the JUP market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Jupiter price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

Source: https://coincodex.com/article/49770/jupiter-coin-prediction-october-16-2024/