Jupiter (JUP) staged a sharp recovery this week, rallying from a low of $0.14 to a two‑week high of $0.176 and trading around $0.172 at the time of writing — a daily gain of roughly 17.13%. The rebound has pushed several short‑term momentum indicators into bullish territory, suggesting renewed conviction among buyers.
On‑chain and network activity
- Active daily addresses climbed to about 13.3k, an increase of 200, signaling rising on‑chain engagement (Santiment).
- Spot flows show investors moving capital back into JUP: exchanges recorded $5.6 million in inflows versus $4.9 million in outflows, leaving a net spot inflow of roughly $677k — a 145% jump.
Derivatives and sentiment
- Futures inflows totaled $25.01 million against $23.05 million of outflows, producing a netflow of $1.96 million — an increase of 194.3% and evidence of stronger demand for leveraged exposure (CoinGlass).
- Open Interest rose 22% to $44.07 million, while derivatives volume surged 53% to $101 million, further validating heightened futures activity.
- Despite that, short positioning remains relatively high on major exchanges: the aggregate long/short ratio sits just under 1 at ~0.99, with Binance at 0.93 and OKX at 0.89 — a sign many traders are still positioned for downside.
Technical picture
- JUP flipped the EMA20 on the rebound and is now testing the EMA50, with the Relative Strength Index (RSI) near 55 — edging into bullish territory (TradingView).
- If bullish momentum continues, key levels to watch are a confirmed flip of EMA50 around $0.17, a move above $0.20, and then EMA100 near $0.21.
Risks
- Profit‑taking from traders who bought at higher prices is already visible: spot netflows show more inflows than outflows as underwater investors rebalance or exit (CoinGlass). If selling accelerates, JUP could retest the $0.14 area before attempting a sustained recovery.
Bottom line
Jupiter’s recent jump reflects renewed buying interest after the pullback, backed by rising activity on‑chain and in derivatives markets. But mixed sentiment on exchanges and the possibility of short‑term profit‑taking mean the rally is not without risk. Traders should watch liquidity flows, open interest, and how price behaves around EMA50 and $0.20 for clues on the next leg.
Disclaimer: This summary is informational and not financial advice. Cryptocurrency trading carries high risk; do your own research before making investment decisions.
Read more AI-generated news on: undefined/news
