Market Overview for Jupiter/Tether (JUPUSDT): 24-Hour Gains and Momentum Assessment

• JUPUSDT surged 8.3% in 24 hours, closing at $0.4020 after breaking above 0.4000.
• Volume spiked to 12.6M JUP, with strong buying momentum in the final 4 hours.
• RSI reached 62, suggesting overbought conditions after aggressive upward moves.
• Key support at 0.3920 held, while resistance now sits at 0.4080 after a failed test.
• Bollinger Bands show expanding volatility, aligning with breakout confirmation.

Overview and Price Action

Jupiter/Tether (JUPUSDT) opened at $0.3812 on 2025-10-24 at 12:00 ET and reached a high of $0.4160 by 15:30 ET on 2025-10-25. The pair closed at $0.4020 at 12:00 ET, with total traded volume hitting 12.6 million JUP and a notional turnover of approximately $5.09 million (calculated as volume × average price). The 24-hour period saw strong accumulation above 0.4000, suggesting a breakout in progress.

Structure & Formations

The 15-minute chart shows a bullish continuation pattern after a key support level at $0.3920 held during early buying pressure. A series of higher highs and higher lows following the 0.3980 breakout suggests a strong uptrend in place. A potential bearish engulfing pattern appears in the $0.4040–$0.4080 range as volume cooled slightly during consolidation, indicating a possible short-term correction before a test of 0.4160.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both in a bullish alignment, with the price running above both. This confirms the current uptrend and suggests continuation unless a reversal candle closes below the 50SMA. On the daily chart, the 50-period MA is at $0.3950, with price significantly above this level, indicating strong short-term bullish momentum.

MACD & RSI

The MACD line crossed above the signal line in the afternoon of 2025-10-25, forming a golden cross and confirming bullish momentum. RSI is at 62, showing the pair is near overbought territory but not yet overextended. This suggests traders are cautiously optimistic, but a pullback toward the 50 RSI level could signal a continuation of the uptrend.

Bollinger Bands

Bollinger Bands have widened significantly as the pair moved above 0.4000, reflecting increased volatility. Price currently sits near the upper band at $0.4160, indicating strength. A retest of the upper band with strong volume could confirm a new resistance zone. Conversely, a failure to hold above the midline (at ~$0.4090) may trigger a pullback toward the 0.3980–0.4000 range.

Volume & Turnover

Volume was highest in the last 4 hours of the 24-hour period, coinciding with the price surge to $0.4160. This confirms conviction among buyers, with no signs of distribution. Notional turnover peaked at $0.4160, with large-volume candles showing strong accumulation. No divergence between price and volume has been observed, suggesting the trend remains healthy.

Fibonacci Retracements

The most recent swing low at $0.3812 and swing high at $0.4160 form a key Fibonacci level set. The 38.2% retracement is at $0.3994, and the 61.8% is at $0.4016—both of which have been tested and held. A break above 0.4160 (100% retracement) would target 0.4244 as the next Fibonacci level.

Backtest Hypothesis

The MACD golden cross observed in this 24-hour period could serve as a signal entry for a short-term trend-following strategy. A 5-day holding period following the golden cross could capture continuation moves if the trend remains intact. Given the current RSI and volume patterns, this setup appears to have strong confirmation for a bullish breakout. However, a retest of the 0.3920–0.4000 range could offer a better entry point if the trend consolidates. Traders may want to monitor the 50-period MA as a dynamic support level and look for a bullish divergence on the MACD to confirm a resumption of the uptrend.