JUP Price Prediction 2024: Will JUP Reach $1.55 by November 22?

JUP price is expected to rise by 29.91% in the next 5 days according to our Jupiter price prediction. JUP is trading at $1.19 after gaining 6.80%

JUP price is expected to rise by 29.91% in the next 5 days according to our Jupiter price prediction.

Currently, JUP is trading at $1.19 after gaining 6.80% in the last 24 hours. The coin underperformed the cryptocurrency market, which saw the total crypto market cap decrease by -0.70% in the same time period. JUP performed well against BTC today and recorded a 7.87% gain against the world's largest cryptocurrency.

According to our Jupiter price prediction, JUP is expected to reach a price of $1.55 by Nov 22, 2024. This would represent a 29.91% price increase for JUP in the next 5 days.

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 38.82% in the last 30-days. The medium-term trend for Jupiter has been bullish, with JUP increasing by 53.53% in the last 3 months. The long-term picture for Jupiter has been positive, as JUP is currently displaying a 64.41% 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 $1.32, while the cycle low is at $0.639633. JUP has been displaying high volatility recently – the 1-month volatility of the coin is at 10.29. Jupiter recorded 18 green days in the last 30 days.

Jupiter technical analysis for today - Nov 18, 2024

The sentiment in the Jupiter markets is currently Bullish, and the Fear & Greed index is reading Extreme Greed. The most important support levels to watch are $1.08, $1.05 and $1.01, while $1.15, $1.19 and $1.22 are the key resistance levels.

Bullish sentiment for Jupiter

21 indicators are currently signaling a bullish prediction for Jupiter, while 2 indicators are showing a bearish forecast. With 91% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for Jupiter.

Crypto market is currently experiencing Extreme Greed

Currently, the Fear & Greed index is at 90 (Extreme 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 59.24, 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 below the SMA 50 trendline, which is a bearish 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 below the SMA 200, signaling that the market is currently bearish.

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 29.91% to hit our $1.55 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