Jupiter/Tether Market Overview: 24-Hour Analysis

• JUPUSDT declined over 24 hours, closing at 0.5194 after opening at 0.5285 with a low of 0.5152.
• Price formed bearish engulfing and bear flag patterns amid rising volume toward the daily close.
• RSI entered oversold territory, suggesting potential near-term support at 0.518–0.517.
• Volatility expanded through Bollinger Bands as turnover surged, confirming bearish momentum.

Jupiter/Tether (JUPUSDT) opened at 0.5285 on 2025-09-19 12:00 ET and closed at 0.5194 on 2025-09-20 12:00 ET, reaching a high of 0.5336 and a low of 0.5152. The 24-hour trading volume amounted to 9,357,221.4, with a notional turnover of $4,880,951.78. The pair exhibited bearish price action, with increasing selling pressure toward the end of the 24-hour period.

Structure & Formations

Price action revealed bearish continuation patterns, including a bear flag forming between 0.524 and 0.530, and a bearish engulfing pattern at 0.526–0.528. A key support level appears to be forming near 0.518–0.517, where price found temporary stability. A doji formed at 0.5282, suggesting indecision ahead of a further decline.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were aligned bearishly, with price consistently below both. On the daily chart, the 50/100/200 EMAs remained in a descending order, reinforcing the broader bearish bias. Price is currently trading below all three, indicating continued bearish momentum.

MACD & RSI

The MACD remained in negative territory, with the histogram narrowing after the large bearish bar at 0.5264–0.5259, hinting at potential exhaustion. RSI dropped below 30, entering oversold territory, which may offer temporary support but does not guarantee a reversal. Momentum remains bearish, with no clear signs of bullish divergence.

Bollinger Bands

Volatility expanded during the session, with price reaching the lower band at 0.5152 and the upper band at 0.5336. This suggests increased trading range and potential for consolidation or a sharp reversal if bullish volume intensifies near the lower bound.

Volume & Turnover

Volume spiked to 714,884.1 at 11:15 ET, coinciding with a strong downward move to 0.518. Turnover also rose sharply during this period, confirming the bearish breakout. Price and volume aligned in a classic bearish confirmation pattern, with no divergence to suggest a false move.

Fibonacci Retracements

On the 15-minute chart, the 0.5336 high to 0.5152 low created a Fibonacci range of 0.5283 (38.2%) and 0.5231 (61.8%). Price held above the 61.8% level for most of the session, suggesting continued bearish strength unless buyers push above 0.525. On the daily chart, key support at 0.518 aligns with the 61.8% retracement of the recent bear move.

Backtest Hypothesis

A potential backtesting strategy could involve using the 50-period EMA as a dynamic support/resistance line. A short signal could be triggered when price closes below the 50 EMA, confirmed by a bearish engulfing pattern and RSI below 30. A stop-loss could be placed above the 20 EMA, and a take-profit target could be set at the 61.8% Fibonacci level. This approach appears well-aligned with the observed bearish momentum and could be refined with historical testing across multiple timeframes.