Jupiter Worth Prediction: Solana Token JUP Drops Once more As This New Solana Meme Coin Rides The 12 months Of The Dragon After Explosive Launch


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The Jupiter value has plunged 7.3% within the final 24 hours to commerce at $0.4819 as of 5:24 a.m. EST on buying and selling quantity that surged 49% to $155 million.

Since attaining its all-time excessive (ATH) of 0.0212 on Jan. 30, the Jupiter value has been on a downward trajectory, experiencing an 87% stoop.  This downturn comes because the  Solana blockchain’s meme tokens, together with new entrants like SMOG and Honk, are on a roll. Can JUP flip it round and be a part of the enjoyable?

Jupiter Worth Continues The Downtrend In A Falling Channel

JUPITER PRICE Chart Analysis. Source: Tradingview.com
JUPUSDT Chart Evaluation. Supply: Tradingview.com

Jupiter’s value has been cumulative over the weekend after the value decline within the 30-minute timeframe, resulting in the formation of the bearish flag sample. Moreover, the 4-hour timeframe signifies a fall in value throughout the falling channel. 

Bulls have encountered resistance on the $0.6 provide zone, giving management of the value to the bears, which they’ve capitalized on to drive the value down throughout the channel.

Nonetheless, the bulls present resilience, rebounding throughout the channel at $0.4577 and managing to drive the value up, approaching the earlier excessive at $0.0. Somewhat push within the momentum might see the value soar over the channel, affirming a bullish rally for Jupiter’s value.

The worth is at the moment buying and selling under each the 50-day and 200-day Easy Shifting Averages (SMAs), indicating intense shopping for strain.

Moreover, the Shifting Common Convergence Divergence (MACD) line (blue) signifies help for the continuing downtrend because it trades just under the sign line (orange). Moreover, the histogram is within the destructive, displaying purple bars barely extending on the draw back.

Nonetheless, the Relative Power Index (RSI) is rebounding from under the 30-oversold area, sitting at 31 and trending upward. A continued push ought to see the RSI surpass the 50 midline stage.

Jupiter Worth In A Downtrend

Presently, the falling channel sample amplifies the bearish motion, forcing the value right into a downtrend. Nonetheless, there are indications of a possible purchase transfer to the channel’s higher boundary at $0.5344 within the quick time period.

If the bearish momentum sustains, the bulls might encounter vital help across the $0.45 stage, appearing as a buffer towards downward strain 

Nonetheless, as JUP’s worth continues to say no, a brand new contender on the Solana blockchain is remodeling the scene with notable developments. The SMOG meme coin has captured investor consideration and appears poised to turn into a number one Solana-based token.

Since its debut on the Jup Dex, SMOG has skilled outstanding progress and is providing the biggest airdrop in historical past to buyers who maintain the token.

Traders Flock To SMOG Token: Driving The Wave of Chinese language New 12 months Celebrations

Traders have been dashing to purchase extra SMOG, a newcomer to the Solana blockchain meme coin scene that’s gaining reputation and attaining outstanding progress. 

smog

With markets surging on the again of the Chinese language Lunar New 12 months of the Dragon celebrations, investors holding Smog tokens are well-positioned to reap the benefits of the worldwide festive celebrations inside Chinese language communities. 

These celebrations appeal to buyers looking for to leverage the fortunate connotations of the season, notably given Smog’s dragon-themed enchantment. Flush with money from conventional “purple packet” presents at the moment, Chinese language are in optimistic temper and extra inclined than ever to take a position their more money.

Be part of The SMOG Airdrop For A Probability At Big Returns

After a $700 million Jupiter airdrop on Solana made many individuals millionaires, $SMOG is providing an excellent bigger airdrop to its buyers.

The Smog crew is gifting away 35% of 1.4 billion tokens. All it’s important to do to hitch the airdrop is purchase and maintain $SMOG. This incentive has considerably boosted the token’s reputation, attracting a big and rising group.

Jacob Bury, a crypto analyst and YouTuber, says SMOG is a mission with the potential for 1000X returns.

You should buy the SMOG token on its official web site to be eligible for the historic airdrop quickly. You can too purchase straight on JUP DEX.

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