"Jupiter DEX Boosts Memecoin Access, JUP Surges 10%

Jupiter DEX, a decentralized exchange, has recently acquired a majority stake in Moonshot, an app designed to streamline memecoin purchases through Apple Pay. This strategic move aims to enhance user offerings and expand Jupiter's presence in the memecoin space. Moonshot, which has gained considerable traction among memecoin enthusiasts, offers a seamless way to buy tokens using Apple Pay. By integrating Moonshot's functionality, Jupiter will expand its ecosystem to cater to a broader demographic, including casual investors who prefer the simplicity of using traditional payment methods for crypto purchases.

In addition to the Moonshot acquisition, Jupiter Exchange also announced a partnership with SonarWatch, a tool that will allow users to monitor their digital asset holdings in real-time. This adds a valuable layer of transparency and ease of use for users, making it easier to track and manage multiple cryptocurrencies.

The announcement of these strategic acquisitions has had an immediate impact on Jupiter's token, JUP, which has experienced a noticeable uptick, rising by more than 10% in the last 24 hours. The token was trading at around $0.94 at press time, showing a clear upward momentum. The bullish trend was marked by a price breakout above the resistance level of $0.90, followed by a surge towards the $1.00 mark.

Analysts suggest that if the price breaks above the $1.00 resistance, the next target could be the $1.35 level. However, if the price fails to hold its momentum, we might see a correction back towards the $0.75 support zone.

The Adaptive Volatility-Controlled LSMA (Least Squares Moving Average) indicated an uptrend at press time, as its green band showed a favorable shift in the price direction. This was confirmed by the rising values on the Stochastic Oscillator, which was in the overbought region, suggesting that Jupiter could continue to experience upward price pressure in the short term. The Awesome Oscillator (AO) provides further confirmation, with a green bar showing a growing bullish momentum.

The order book chart showed a significant increase in buy orders, signaling strong buying pressure. The volume of trades has been rising steadily, and the price action was mirroring this increased market participation. The order imbalance data also highlighted notable shifts in market sentiment, with increased demand