Jupiter Price Prediction: JUP Drops 12% As Investors Shift Focus To This New Solana Layer-2 Project For Its 281% Staking APY

The
Jupiter
price
dropped
12%
in
the
last
24
hours
to
trade
at
$0.7652
as
of
11:33
p.m.
EST
on
trading
volume
that
skyrocketed
206%
to
$808
million.

This
comes
after
the
launch
of
its
700
million
token
airdrop,
valued
at
$567
million,
to
approximately
2
million
eligible
wallets.

our
APIs
power
much
of
DeFi
–
if
you’re
a
longtime
Solana
user
you
might
have
used
Jupiter
without
knowing
it.

check

https://t.co/gmfodjJiqy
to
see
if
you’re
eligible!

https://t.co/5Lg9ZihBmz

—
Jupiter
????
(@JupiterExchange)

January
22,
2025

Jupiter
Currently
Headed
For
Support

The
daily
chart
for
the


JUP
price

demonstrates
a
highly
volatile
price
movement
with
significant
peaks
and
troughs.
Recently,
the
Jupiter
price
attempted
a
rebound
from
the
$0.60
support
zone
and
formed
a
rounded
bottom
pattern,
which
typically
signals
a
potential
bullish
reversal.

However,
this
reversal
was
short-lived,
as
the
price
of
Jupiter
failed
to
maintain
momentum,
breaking
back
below
the
50-day
Simple
Moving
Average
(SMA)
($0.9422),
according
to


GeckoTerminal
data.

The
price
of
Jupiter
now
trades
way
below
both
the
50-day
and
200-day
SMAs,
which
shows
that
the
asset
is

JUP
is
currently
moving
towards
the
$0.6881
support.
This
level
aligns
with
previous
horizontal
support
and
is
a
critical
defending
area
for
bulls.

The
breakdown
of
the
rounded
bottom
indicates
that
bearish
pressure
has
reasserted
itself,
putting
the
overall
trend
into
bearish-to-neutral
territory.

Meanwhile,
the
Relative
Strength
Index
(RSI)
stands
at
42.64,
showing
a
bearish
tilt
but
not
yet
oversold.
This
suggests
that
there
is
still
room
for
further
downside,
but
if
the
RSI
approaches
or
falls
below
30,
it
could
indicate
oversold
conditions
and
a
possible
short-term
reversal.

JUP
Could
Still
Fall

Given
the
current
indicators
and
price
action,
JUP
is
likely
to
remain
under
pressure.
A
breakdown
below
the
$0.7652
support
level
could
see
Jupiter
targeting
the
$0.60
zone,
which
is
the
next
significant
support.
A
bearish
continuation
would
be
reinforced
if
trading
volume
increases
on
the
downside.

On
the
other
hand,
if
bulls
manage
to
defend
the
$0.7652
level
and
push
the
Jupiter
price
back
above
the
200-day
SMA
($0.9196),
it
could
retest
the
$1.00
resistance
zone.

Meanwhile,
investors
are
also
buying
a
new
Solana
meme
coin
called


Solaxy
(SOLX).
Popular
YouTube
channel
99Bitcoins,
with
over
722K
subscribers,
says
SOLX
has
the
potential
to
soar
100X
post-launch.

Solaxy
ICO
Raises
Over
$13.6
Million

In
a
little
more
than
a
month
since
its
presale
launched,
Solaxy
has
surged
past
the
$13.6
million
milestone
as
investor
interest
continues
to
surge.

Solaxy
enhances
Solana,
a
blockchain
already
known
for
its
fast
transaction
speeds
and
low
costs.
It
builds
on
these
strengths
while
addressing
some
of
Solana’s
challenges,
such
as
network
congestion,
failed
transactions,
and
the
persistent
scalability
issue.

The
project’s
solution
relies
on
three
key
features:
off-chain
processing
to
handle
the
heavy
work,
transaction
bundling
to
cut
costs,
and
secure
settlement
back
on
the
main
Solana
chain.

????
Solaxy
is
now
live
in
Upcoming
Tokens!
????@SOLAXYTOKEN
gives
holders
an
opportunity
to
join
the
first-ever
Solana
Layer
2
blockchain.

Solaxy
is
set
to
enhance
blockchain
innovation
through
limiting
congestion,
reducing
failed
transactions,
and
improving
scalability
on
SOL.…

pic.twitter.com/satNF6zFNF

—
Best
Wallet
(@BestWalletHQ)

December
17,
2024

Once
launched,
Solaxy
will
also
provide
a
platform
where
developers
can
build
decentralized
applications
or
launch
new
tokens
without
compromising
(and
possibly
even
improving)
Solana’s
Layer-1
capabilities. 

Solaxy
also
offers
holders
who
stake
their
SOLX
tokens
a
huge
annual
yield
of
281%.
Over
4
billion
SOLX
have
been
staked
so
far.

Investors
interested
in
participating
in
the
presale
can
visit
the
official
Solaxy
website
to
buy
SOLX
tokens
for
$0.00161
each
using
BNB,
ETH,
USDT,
or
a
bank
card.

Buy
before
a
price
hike
in
less
than
2
days
to
secure
the
best
deal.

Visit
the
SOLX
website
here.

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