Jupiter (JUP) surged over 10% on Monday, approaching a critical descending trendline that could trigger a major bullish breakout. According to CoinGlass, open interest (OI) for JUP futures spiked to $160.43 million — the highest level since February 21 — signaling strong new capital inflow and growing trader confidence. With technical indicators flashing green and market sentiment turning increasingly optimistic, JUP appears poised for a potential rally toward $0.87.
This momentum comes amid rising institutional and retail interest in meme-inspired decentralized exchange (DEX) protocols, with Jupiter standing out as a key aggregator in the Solana ecosystem. As trading volume and derivatives activity climb, the stage may be set for a decisive move higher — but only if key resistance levels are cleared.
On-Chain Metrics Signal Strong Bullish Momentum
One of the most compelling signs of renewed market confidence is the surge in open interest. Data from CoinGlass shows JUP’s futures OI jumped from $122.72 million on Sunday to $160.43 million on Monday — a nearly 31% increase in just 24 hours. This spike suggests fresh money is entering the market, primarily through long positions, which can fuel further price appreciation.
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Open interest is a powerful leading indicator in derivatives markets. When it rises alongside price, it confirms trend strength. In this case, the concurrent increase in both JUP’s price and OI strongly supports the idea of sustainable upward momentum rather than a short-lived pump.
Another key metric pointing to bullish sentiment is the JUP long-to-short ratio, which reached 1.24 on CoinGlass — its highest level in over a month. A ratio above 1 means more traders are betting on price increases than declines, reflecting growing confidence among market participants.
While extreme readings can sometimes precede reversals, the current 1.24 level remains within a healthy range, suggesting strong but not overcrowded bullish positioning. This balance reduces the risk of a massive liquidation cascade if volatility spikes.
JUP Price Forecast: Bulls Target $0.87 After Key Resistance Test
Jupiter’s price action on Monday showed strong buying pressure, with gains exceeding 10% and price closing near $0.65. More importantly, JUP is now testing a well-established descending trendline drawn from multiple swing highs since early December.
A breakout above this trendline — especially on a daily closing basis — would confirm a shift in market structure from bearish to bullish. Historically, such breaks often precede significant rallies, particularly when supported by strong volume and on-chain data.
If JUP successfully clears the trendline and sustains trading above the weekly resistance at $0.67, the path opens toward $0.87 — the 50% Fibonacci retracement level of the move from the December high of $1.44 to the April low of $0.30.
This Fib level is not just a random number; it represents a psychological and technical convergence zone where sellers previously stepped in and buyers may now defend.
Technical Indicators Confirm Uptrend Potential
The daily chart paints an increasingly optimistic picture:
- The Relative Strength Index (RSI) sits at 66 — firmly in bullish territory but still below the overbought threshold of 70. This indicates strong upward momentum without being stretched.
- The MACD (Moving Average Convergence Divergence) generated a bullish crossover last week and continues to show expanding green histogram bars above the zero line, reinforcing the strength of the uptrend.
Together, these signals suggest that upward pressure is building and momentum is accelerating.
However, traders should remain cautious of potential pullbacks. If JUP fails to break the descending trendline and instead reverses lower, it could retest support near the 50-day Exponential Moving Average (EMA) at $0.50. A drop to this level would likely shake out weaker hands but could also present a second entry opportunity for long-term bulls.
Why Jupiter’s Ecosystem Strength Matters
Beyond price and charts, Jupiter’s fundamental strength lies in its role as a leading DEX aggregator on Solana. It enables users to swap tokens across multiple liquidity sources with minimal slippage and low fees — a critical advantage in fast-moving markets.
Recent upgrades, including improved routing algorithms and deeper integration with Solana DeFi protocols, have enhanced user experience and attracted more trading volume. As Solana continues to gain traction among developers and retail users, Jupiter stands to benefit directly as a core infrastructure player.
This ecosystem-driven growth differentiates JUP from purely speculative meme coins and gives it long-term viability in the decentralized finance (DeFi) landscape.
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Frequently Asked Questions (FAQ)
What is Jupiter (JUP)?
Jupiter is a decentralized exchange (DEX) aggregator built on the Solana blockchain. It routes trades across multiple liquidity sources to provide users with the best possible prices and lowest slippage for token swaps.
What does rising open interest mean for JUP?
Increasing open interest alongside price gains suggests new money is entering the market, typically indicating strong conviction behind the current trend. It increases the likelihood of sustained momentum.
What is the significance of the $0.87 target?
$0.87 represents the 50% Fibonacci retracement level of JUP’s prior downtrend (from $1.44 to $0.30). This level often acts as a psychological and technical inflection point where significant buying or selling pressure can emerge.
Can JUP break above the descending trendline?
Technically, yes — especially with strong volume and bullish sentiment. A daily close above $0.67 would confirm breakout validity and increase chances of reaching $0.87.
What risks should JUP traders watch for?
Key risks include failure to break the trendline, a drop below $0.50 (50-day EMA), or broader market downturns affecting Solana-based assets. High leverage in futures markets could also amplify volatility.
How does Jupiter compare to other DEX aggregators?
Jupiter leads in Solana-based aggregation with deep liquidity, low latency, and seamless wallet integration. While platforms like 1inch dominate Ethereum, Jupiter holds a dominant position within Solana’s growing DeFi ecosystem.
Final Outlook: A Breakout Is Imminent
Jupiter is at an inflection point. With open interest at a three-month high, long/short ratios skewed bullish, and technical indicators aligning favorably, the odds are tilting toward an upside breakout.
A confirmed move above $0.67 could unlock up to 28% additional upside toward $0.87 — making this a high-probability setup for swing traders and long-term holders alike.
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As always, risk management is crucial. Traders should use stop-loss orders below $0.50 to protect against unexpected reversals and monitor BTC and broader market trends, which can influence altcoin performance.
With strong fundamentals, growing adoption, and technical momentum building, Jupiter may be one of the most compelling plays in the current Solana ecosystem rally.
All content is for informational purposes only and does not constitute financial advice.