Market Overview for Jupiter/Tether (JUPUSDT): 24-Hour Update

Summary
• JUPUSDT formed a bullish breakout above 0.2242 with strong volume confirmation.
• Momentum picked up after 20:00 ET, with RSI crossing into overbought territory.
• Volatility expanded through Bollinger Band breaches during the final 8 hours.

Jupiter/Tether (JUPUSDT) opened at 0.2178 on 2026-01-05 12:00 ET and closed at 0.2325 by 2026-01-06 12:00 ET, reaching a high of 0.2361 and a low of 0.2150. Total 24-hour volume was 3,894,761.4 and notional turnover was 888,037.25.

Structure & Formations

Price broke above the 0.2242 resistance with a strong bullish engulfing pattern at 0.224–0.225, followed by a test of 0.2305–0.2311 support-turned-resistance. A 0.2317–0.2322 consolidation suggests a 0.2325–0.2336 target for further upside.

Moving Averages

On the 5-minute chart, price closed above the 20SMA and 50SMA for most of the final 10 hours. On the daily chart, the 50DMA and 100DMA are closely aligned, supporting a continuation of the upward trend.

MACD & RSI

The MACD crossed into positive territory after 20:00 ET and remained above the signal line, reflecting sustained bullish momentum. RSI reached overbought levels above 70 during the last 6 hours, suggesting caution ahead.

Bollinger Bands

Volatility expanded after 16:00 ET as price moved outside the upper Bollinger Band for the first time in the 24-hour period. This suggests increased risk of short-term correction or continuation depending on volume and order flow.

Volume & Turnover

The breakout above 0.2242 was confirmed by high-volume bars of 310,933.2 and 307,568.8, with turnover spikes aligning with price advances. A divergence in volume between 05:30–07:00 ET suggests some profit-taking but overall trend confirmation.

Fibonacci Retracements

The 0.2150–0.2246 swing saw a 61.8% retracement at 0.2219, followed by a 78.6% level at 0.2244, which was broken during the final 5 hours. The daily swing from 0.2206 to 0.2246 aligns with 38.2% at 0.2232 and 61.8% at 0.2242—both key levels for near-term action.

JUPUSDT appears to be entering a phase of sustained upward bias with momentum intact, though overbought conditions and high volatility increase near-term uncertainty. Investors should watch for a pullback to 0.2305–0.2310 for potential re-entry or confirmation of a breakout above 0.2336. Keep risk management tight given the elevated volatility.