Jupiter/Tether Market Overview: 24-Hour OHLCV Analysis

• JUPUSDT edged higher in 24 hours, with a late rally lifting price above 0.4000.
• Volatility spiked during the overnight session, with sharp intraday swings below 0.3900.
• Volume expansion at 0.4000–0.4050 suggests accumulation, though bearish rejection at 0.4075 is evident.
• RSI climbed into neutral territory, while MACD showed a narrowing bullish divergence.
• Key 15-minute support at 0.3874 and resistance at 0.4075 could define near-term direction.

Jupiter/Tether (JUPUSDT) opened at 0.3912 on October 30 at 12:00 ET and closed at 0.4053 on October 31 at the same hour. The pair touched a high of 0.4091 and a low of 0.3832, with total 15-minute OHLCV data showing a 24-hour trading volume of 10,384,434.1 and an estimated turnover of $4,053,118. The pair has shown strong price recovery from a morning bearish breakdown to a late-night bullish consolidation phase.

Structure & Formations

JUPUSDT displayed significant intraday volatility, forming a bullish hammer near 0.3840 followed by a bearish rejection above 0.4075. A bearish engulfing pattern emerged in the overnight session at 0.4051–0.4069, which may signal short-term caution. On the 15-minute chart, key support levels include 0.3874 and 0.3962, while resistance levels to watch are 0.4033, 0.4065, and the 0.4075–0.4091 cluster. A consolidation near 0.4050 could confirm a breakout or trigger a pullback to 0.3962–0.3999.

Moving Averages

On the 15-minute chart, JUPUSDT closed above its 20- and 50-period moving averages, signaling a short-term bullish bias. The 50-period MA, at around 0.3992–0.4005, supports the current price level. On the daily chart, the 50- and 200-day moving averages are not available for this 15-minute dataset but are typically key levels for longer-term positioning. A continued move above 0.4065 could trigger a retest of the 0.4075–0.4091 resistance cluster.

MACD & RSI

The MACD for JUPUSDT has turned positive and is expanding, with the fast line above the signal line, indicating rising bullish momentum. The RSI has rebounded into the 50–60 range, moving away from oversold territory and suggesting a potential continuation of the rally. However, if the RSI fails to break above 60 and the MACD diverges bearishly, a pullback to 0.3962–0.3999 may occur. A strong close above 0.4075 could signal a breakout confirmation.

Bollinger Bands

The Bollinger Bands have widened during the overnight rally, reflecting increased volatility. The current price of 0.4053 is near the mid-band, suggesting a continuation phase rather than a breakout or reversal. A break above the upper band, which is currently around 0.4075–0.4091, would confirm a bullish move. Conversely, a drop below the lower band, near 0.3962–0.3999, would indicate a return to bearish control.

Volume & Turnover

Volume spiked during the early morning session at 0.3840–0.3963, followed by a second surge in the late-night rally from 0.4032 to 0.4091. The late-night volume surge is a positive sign of accumulation, though the bearish rejection at 0.4075–0.4091 may test this strength. The total 24-hour volume of 10,384,434.1 is well above the average, supporting the idea of increased market interest. A continued rise in volume with higher prices would confirm the bullish bias.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent 15-minute swing from 0.3832 to 0.4091, JUPUSDT is currently testing the 61.8% retracement level at around 0.3985–0.3999. A move above the 78.6% level at 0.4045 would suggest a higher probability of a retest of the 0.4075–0.4091 cluster. If the price drops below the 50% level at 0.3962, it could signal a retest of the 0.3874 support level.

Backtest Hypothesis

To evaluate the effectiveness of a trend-following strategy using JUPUSDT, a backtest could be conducted based on the appearance of a bearish engulfing candlestick pattern. A bearish engulfing pattern typically signals a potential reversal in an uptrend, making it a candidate for entering short positions. For this test, we could define the trade entry rule as entering a short position at the close of the engulfing candle, using a 5% stop-loss level below the entry point. Additional rules might include a maximum holding period of 14 days or a 5% target profit level to capture short-term volatility swings. Using the 15-minute OHLCV data from the past 24 hours, this strategy could be backtested from January 1, 2022, to October 31, 2025, to assess its historical viability and risk-return profile.