{"id":2185,"date":"2025-04-02T16:06:00","date_gmt":"2025-04-02T15:06:00","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=2185"},"modified":"2025-04-02T16:02:36","modified_gmt":"2025-04-02T15:02:36","slug":"jupiter-jup-plummets-how-far-can-it-drop","status":"publish","type":"post","link":"https:\/\/preprod.investx.fr\/en\/crypto-news\/jupiter-jup-plummets-how-far-can-it-drop\/","title":{"rendered":"Jupiter (JUP) Plummets by Another 19% ! How far can it drop?"},"content":{"rendered":"\n

Jupiter : an Endless Fall<\/strong><\/h2>\n\n\n\n

The Jupiter (JUP)<\/strong> token is experiencing a crisis period, with increasing downward pressure on the markets. While the JUP price is currently trading at $0.4002<\/strong>, down by 19.13%<\/strong>, technical indicators are signaling a marked corrective phase.<\/p>\n\n\n

\n
\"jup<\/figure>\n<\/div>\n\n\n

Indeed, JUP <\/strong>has broken one of its most significant supports at $0.45<\/strong>. Now, the token seems to be heading for a free fall. So, can it bounce back?<\/p>\n\n\n\n

This fall comes at a time when the crypto market<\/a> is currently characterized by widespread uncertainty,<\/strong> and JUP is not exempt from this dynamic. According to recent data, the token has experienced a sharp break of support levels, confirming increased selling pressure. Consequently, JUP is struggling to recover and has just hit a low of $0.29<\/strong>.<\/p>\n\n\n\n

Data shows that JUP is in a corrective phase<\/strong>, but the question remains whether this correction will turn into a deeper fall or if a rebound is on the horizon.<\/p>\n\n\n\n

Technical Analysis<\/strong><\/h2>\n\n\n\n

Technical indicators confirm the current bearish trend of $JUP<\/strong>, but they also suggest signs of a possible trend exhaustion.<\/strong><\/p>\n\n\n\n

\"jupiter<\/figure>\n\n\n\n

Firstly, the ADX (Average Directional Index)<\/strong> shows a high value of 100<\/strong>, indicating a strong directional force in the bearish trend. Coupled with a significant gap in the DMI (Directional Movement Index)<\/strong>, this suggests that sellers overwhelmingly dominate the market. However, such a high ADX can also signal a potential exhaustion<\/strong> of the trend, especially if the price nears oversold conditions.<\/p>\n\n\n\n

Secondly, the RSI (Relative Strength Index)<\/strong> is close to oversold territory. In fact, the RSI<\/strong> is at 33.70<\/strong>. This indicates that $JUP may be approaching a short-term bottom, which could attract opportunistic buyers looking for a rebound.<\/p>\n\n\n\n

Thirdly, the analysis of the MACD (Moving Average Convergence Divergence)<\/strong> shows a bearish crossover<\/strong> with minimal divergence, confirming the continuation of the downtrend. This reinforces the idea that sellers maintain their grip on the market.<\/p>\n\n\n\n

Lastly, the width of the Bollinger Bands<\/strong>, measured at 37.64%<\/strong>, indicates significant volatility. This margin suggests that $JUP <\/strong>could continue to experience significant price movements in the coming days, whether downward or during a potential rebound.<\/p>\n\n\n\n

Key Levels to Watch for JUP<\/strong><\/h2>\n\n\n\n

Supports to Defend<\/strong><\/h3>\n\n\n\n