JUP - -71.46% in 24Hr Amid Market Correction

On AUG 31 2025, JUP dropped by 71.46% within 24 hours to reach $0.459, JUP rose by 270.33% within 7 days, dropped by 71.46% within 1 month, and dropped by 4047.01% within 1 year.

The recent sharp decline in JUP follows a broader market correction affecting high-beta assets. Over the past 24 hours, the asset has experienced a significant drawdown, reaching levels not seen in several months. This rapid movement has triggered a wave of liquidations and forced rebalancing across automated strategies, amplifying the downward pressure. The decline appears to be a continuation of a bearish trend that has been developing over the past several weeks, driven by macroeconomic concerns and regulatory uncertainty.

From a technical perspective, JUP has failed to hold key support levels that were previously considered critical for stabilizing the asset’s price. Indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) have shown bearish divergence, suggesting continued weakness in the near term. The price has moved below both the 50-day and 200-day moving averages, reinforcing the downtrend. Traders and analysts are closely monitoring whether JUP can find a floor around the next major support zone, which is currently estimated at $0.35.

The asset’s short-term volatility reflects heightened uncertainty in the market environment. While the 7-day rebound showed some resilience, it was quickly eroded by renewed selling pressure. Market participants are now evaluating whether this correction is a temporary pullback or a more fundamental re-rating of the asset's valuation.