JUPUSDT Market Overview: Jupiter/Tether Navigates 24-Hour Volatility

• JUPUSDT dipped from 0.5493 to 0.5291 amid a high-volume bearish thrust.
• A 5.3% decline over 24 hours highlights oversold RSI and key support at 0.5309.
• Bollinger Bands show moderate contraction, suggesting a potential breakout.
• A bullish engulfing pattern formed at 0.5359–0.5368 but failed to sustain gains.
• Volume spiked during the selloff to 1668286.2, signaling capitulation pressure.

Jupiter/Tether (JUPUSDT) opened at 0.5473 on 2025-09-13 at 12:00 ET and closed at 0.5306 on 2025-09-14 at 12:00 ET, reaching a high of 0.5521 and a low of 0.5290. The total 24-hour volume was 11,176,052.6 with a notional turnover of $5,865,534.4. The pair experienced a sharp bearish reversal, testing critical support levels.

Structure & Formations

The price action displayed a clear breakdown from key resistance at 0.546–0.548, followed by a bearish thrust that accelerated below 0.5350. A notable pattern was a bullish engulfing candle at 0.5359–0.5368, which appeared to reject the selloff but failed to sustain the reversal. A long bearish candle closed the 24-hour period at 0.5306, with a tail near 0.5309 suggesting initial support. A potential double bottom may form if 0.5290 holds.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages trended lower, indicating sustained bearish momentum. On the daily chart, the 50-period MA sits at 0.5435, while the 100-period MA is at 0.5410. The 200-period MA at 0.5405 confirms a bearish bias for the mid-term trend. Price has yet to retest the 200 MA, but the pullback could test this level for a potential reversal signal.

MACD & RSI

The RSI reached oversold territory at 27 during the selloff to 0.5291, offering a potential short-term bounce. The MACD line crossed below the signal line with a bearish divergence, reinforcing the downward trend. A bullish crossover on RSI to above 30 could signal a short-covering rally, but confirmation through volume and price action would be critical.

Bollinger Bands

Bollinger Bands showed a moderate contraction during the midday hours, followed by a sharp expansion as the price plunged to 0.5291. At 0.5306, the price closed near the lower band, indicating potential oversold conditions. A breakout above the mid-band at 0.5353 may indicate a bear trap, while a retest of the lower band could trigger renewed selling.

Volume & Turnover

Volume spiked to a 24-hour high of 1,668,286.2 as the price hit 0.5317–0.5290, indicating capitulation. The notional turnover at $5.86M suggests aggressive shorting or hedging. Volume confirmed the bearish thrust, but divergence in the late hours suggests some profit-taking or longs defending support. The volume-to-price relationship supports the bearish narrative but hints at near-term exhaustion.

Fibonacci Retracements

Fibonacci retracement levels from the 0.529–0.5526 swing show 0.5309 at 23.6%, 0.5368 at 38.2%, and 0.5446 at 61.8%. The 61.8% level appears to have acted as a strong resistance and is now a critical watchpoint for a potential bounce. A break below 0.5309 would target the next Fibonacci level at 0.5275.

Backtest Hypothesis

Given the observed bearish momentum and oversold RSI, a viable backtesting hypothesis involves entering a short position when the price closes below the 0.5309 support, with a stop-loss above the 0.5353 mid-Bollinger Band. A trailing stop or target could be placed at 0.5275 (38.2% Fibonacci retracement). This strategy aligns with the bearish divergence in MACD and the confirmed breakdown in price and volume. A reversal above 0.5368 would invalidate the trade, signaling a potential short-term bullish rebound. The strategy emphasizes risk management through defined entry, stop, and target levels to capture the continuation of the downward trend.

JUPUSDT may test 0.5275–0.5290 as the next 24-hour horizon, with a risk of a sharp reversal if the 0.5353 level is retested. Investors should remain cautious and watch for confirmation of a bullish rebound or continued capitulation.