{"id":134830,"date":"2024-12-08T20:28:18","date_gmt":"2024-12-08T13:28:18","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=134830"},"modified":"2024-12-08T20:28:18","modified_gmt":"2024-12-08T13:28:18","slug":"jupiter-eyes-1-90-can-jup-reach-a-new-lifetime-high","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=134830","title":{"rendered":"Jupiter eyes $1.90: Can JUP reach a new lifetime high?"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<ul class=\"ul1\">\n<li class=\"li2\"><em><span class=\"s2\">On the bullish side, the emergence of a head-and-shoulders pattern points to a potential upside.<\/span><\/em><\/li>\n<li class=\"li2\"><em><span class=\"s2\">However, caution prevails due to a notable imbalance in long liquidations over the past 24 hours.<\/span><\/em><\/li>\n<\/ul>\n<p class=\"p2\"><span class=\"s2\">Despite a strong 15.65% rally over the past week, market activity around <a href=\"https:\/\/ambcrypto.com\/predictions\/jupiter-exchange-solana-price-prediction\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Jupiter [JUP]<\/a> has slowed. The asset slipped by 0.24% on the daily chart, reflecting weak bearish pressure but also raising concerns about waning momentum.<\/span><\/p>\n<p class=\"p2\"><span class=\"s2\">For now, uncertainty dominates, with no clear indication of where the asset is headed next.<\/span><\/p>\n<h2 class=\"p4\"><span class=\"s4\">Bullish sentiment builds around JUP<\/span><\/h2>\n<p class=\"p2\"><span class=\"s2\">Bullish momentum appears to be forming around JUP, supported by declining Exchange Netflow and a gradual rise in Open Interest over recent days.<\/span><\/p>\n<p class=\"p2\"><span class=\"s2\">Exchange Netflow, which tracks buying and selling activity by measuring assets moved on and off exchanges, offers insight into market sentiment. <\/span><\/p>\n<p class=\"p2\"><span class=\"s2\">Recent data indicates a decrease in JUP deposits on exchanges, suggesting that market participants are opting to hold rather than sell. This behavior strengthens JUP\u2019s position by reducing its available supply on exchanges.<\/span><\/p>\n<div id=\"attachment_450278\" style=\"width: 1375px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/3AD21B94-3E41-4789-9C47-3611107EF0BA.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-450278\" class=\"wp-image-450278 size-full\" alt=\"\" width=\"1365\" height=\"416\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/3AD21B94-3E41-4789-9C47-3611107EF0BA.png 1365w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/3AD21B94-3E41-4789-9C47-3611107EF0BA-300x91.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/3AD21B94-3E41-4789-9C47-3611107EF0BA-1024x312.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/3AD21B94-3E41-4789-9C47-3611107EF0BA-768x234.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/3AD21B94-3E41-4789-9C47-3611107EF0BA-1200x366.png 1200w\" data-lazy-sizes=\"(max-width: 1365px) 100vw, 1365px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/3AD21B94-3E41-4789-9C47-3611107EF0BA.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-450278\" class=\"wp-image-450278 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/3AD21B94-3E41-4789-9C47-3611107EF0BA.png\" alt=\"\" width=\"1365\" height=\"416\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/3AD21B94-3E41-4789-9C47-3611107EF0BA.png 1365w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/3AD21B94-3E41-4789-9C47-3611107EF0BA-300x91.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/3AD21B94-3E41-4789-9C47-3611107EF0BA-1024x312.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/3AD21B94-3E41-4789-9C47-3611107EF0BA-768x234.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/3AD21B94-3E41-4789-9C47-3611107EF0BA-1200x366.png 1200w\" sizes=\"auto, (max-width: 1365px) 100vw, 1365px\"\/><\/a><\/p>\n<p id=\"caption-attachment-450278\" class=\"wp-caption-text\">Source: Coinglass<\/p>\n<\/div>\n<p class=\"p2\"><span class=\"s2\">Meanwhile, Open Interest has increased by 2.62% in the past 24 hours, reaching $169.02 million. This rise further bolsters bullish sentiment, as it reflects a growing number of unsettled contracts, predominantly held by long traders.<\/span><\/p>\n<p class=\"p2\"><span class=\"s2\">Together, these factors suggest optimism in the market, although broader trends may still shape JUP\u2019s trajectory.<\/span><\/p>\n<h2 class=\"p4\"><span class=\"s4\">JUP set to establish a new market high<\/span><\/h2>\n<p class=\"p2\"><span class=\"s2\">JUP has broken through the neckline of a classic cup-and-shoulders pattern at $1.2663, a significant resistance level that could signal the start of a full-fledged rally.<\/span><\/p>\n<p class=\"p2\"><span class=\"s2\">If this pattern plays out, JUP could climb an additional 49.96%, reaching $1.90\u2014surpassing its previous all-time high of $1.85. This projected move aligns with the strength of the pattern displayed on the chart.<\/span><\/p>\n<div id=\"attachment_450280\" style=\"width: 1291px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/06891928-59F5-49BD-9639-EFD514D1487D.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-450280\" class=\"wp-image-450280 size-full\" alt=\"\" width=\"1281\" height=\"615\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/06891928-59F5-49BD-9639-EFD514D1487D.png 1281w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/06891928-59F5-49BD-9639-EFD514D1487D-300x144.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/06891928-59F5-49BD-9639-EFD514D1487D-1024x492.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/06891928-59F5-49BD-9639-EFD514D1487D-768x369.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/06891928-59F5-49BD-9639-EFD514D1487D-1200x576.png 1200w\" data-lazy-sizes=\"(max-width: 1281px) 100vw, 1281px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/06891928-59F5-49BD-9639-EFD514D1487D.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-450280\" class=\"wp-image-450280 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/06891928-59F5-49BD-9639-EFD514D1487D.png\" alt=\"\" width=\"1281\" height=\"615\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/06891928-59F5-49BD-9639-EFD514D1487D.png 1281w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/06891928-59F5-49BD-9639-EFD514D1487D-300x144.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/06891928-59F5-49BD-9639-EFD514D1487D-1024x492.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/06891928-59F5-49BD-9639-EFD514D1487D-768x369.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/06891928-59F5-49BD-9639-EFD514D1487D-1200x576.png 1200w\" sizes=\"auto, (max-width: 1281px) 100vw, 1281px\"\/><\/a><\/p>\n<p id=\"caption-attachment-450280\" class=\"wp-caption-text\">Source: Trading View<\/p>\n<\/div>\n<p class=\"p2\"><span class=\"s2\">However, bearish sentiment persists in the market and could delay JUP\u2019s upward momentum.<\/span><\/p>\n<h2 class=\"p4\"><span class=\"s4\">Imbalance in market liquidations<\/span><\/h2>\n<p class=\"p2\"><span class=\"s2\">Over the past 24 hours, there has been a notable imbalance in market liquidations. At the time of writing, long liquidations totaled $226,090, while short liquidations were significantly lower, amounting to just $1,470.<\/span><\/p>\n<div id=\"attachment_450279\" style=\"width: 446px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/CA321E69-253C-451F-96CA-5FEC66090D96.png\" data-wpel-link=\"internal\"><img fetchpriority=\"high\" decoding=\"async\" aria-describedby=\"caption-attachment-450279\" class=\"size-full wp-image-450279\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/CA321E69-253C-451F-96CA-5FEC66090D96.png\" alt=\"\" width=\"436\" height=\"284\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/CA321E69-253C-451F-96CA-5FEC66090D96.png 436w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/CA321E69-253C-451F-96CA-5FEC66090D96-300x195.png 300w\" sizes=\"(max-width: 436px) 100vw, 436px\"\/><\/a><\/p>\n<p id=\"caption-attachment-450279\" class=\"wp-caption-text\">Source: Coinglass<\/p>\n<\/div>\n<hr\/>\n<p style=\"text-align: center;\">Read <a href=\"https:\/\/ambcrypto.com\/predictions\/jupiter-exchange-solana-price-prediction\" data-wpel-link=\"internal\">Jupiter\u2019s [JUP] Price Prediction<\/a> 2024\u20132025<\/p>\n<hr\/>\n<p class=\"p2\"><span class=\"s2\">Such a disparity, where long and short liquidations show a wide gap, indicates that market sentiment is skewed toward one side. In this case, sentiment favors the bears.<\/span><\/p>\n<p class=\"p2\"><span class=\"s2\">If this trend persists, the market is likely to continue moving downward unless stronger bullish forces emerge to counteract it.<\/span><\/p>\n<div class=\"post-nav\">\n<div class=\"next-blog\">\n\t\t\t\t\t\t\t\t\t\t\tNext: <a href=\"https:\/\/ambcrypto.com\/pepe-reaches-0-000026948-ath-market-cap-reaches-11b-more-gains-ahead\/\" rel=\"prev\" data-wpel-link=\"internal\">Pepe reaches $0.000026948 ATH, market cap reaches $11B: More gains ahead?<\/a>\t\t\t\t\t\t\t\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/ambcrypto.com\/jupiter-eyes-1-90-can-jup-reach-a-new-lifetime-high\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On the bullish side, the emergence of a head-and-shoulders pattern points to a potential upside. However, caution prevails due to a notable imbalance in long liquidations over the past 24 &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=134830\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-134830","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/134830","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=134830"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/134830\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=134830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=134830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=134830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}