JUP +239.6% in 24 Hours Amid Short-Term Volatility and Market Correction

On SEP 2 2025, JUP experienced a sharp 24-hour price surge of 239.6%, reaching $0.4599. However, this short-term rally masks a more extended downward trend. Over the past 7 days, the token fell by 776.22%, and over the past month, it declined by 53.08%. Year-over-year, the price has plummeted by a staggering 4035.99%, underscoring a prolonged bearish trend despite the recent spike.

The volatility has drawn attention from crypto analysts, who have noted the token’s exposure to broader market pressures and shifting investor sentiment. The recent 24-hour increase may reflect a short-term rebound or a technical correction, but the overwhelming majority of indicators continue to signal bearish momentum. Analysts project that the broader market conditions are unlikely to support a sustained reversal in the near term, citing the token’s extended drawdown as a cautionary signal.

Technical indicators for JUP reveal a deeply oversold RSI reading and a bearish MACD crossover, both of which suggest that the token may be approaching a potential floor in its short-term decline. The stochastic oscillator has also confirmed a re-entry into oversold territory, hinting at a possible bounce in the near term. However, given the prolonged bearish trend, these signals are more indicative of cyclical correction rather than a fundamental turnaround.