Market Overview: Jupiter (JUPUSDT) – 24-Hour Summary

• JUPUSDT posted a 0.27% gain over 24 hours, closing near 0.5207 after a bullish late-night breakout.
• A key 0.5200–0.5210 resistance area appears confirmed following a 3-hour consolidation period.
• Volatility expanded sharply in the last 6 hours, with volume increasing by 180% at key price levels.
• RSI hit overbought levels near 70, suggesting near-term profit-taking may trigger pullbacks.

Jupiter (JUPUSDT) opened at 0.5142 on 2025-08-16 at 12:00 ET, reaching a high of 0.5286 and a low of 0.5123 before closing at 0.5207 on 2025-08-17 at 12:00 ET. Total volume was 13,486,848.8 with turnover of approximately $6,896,429. The late surge above 0.5200 suggests growing bullish conviction.

Structure & Formations

JUPUSDT broke above a prior 0.5200–0.5210 resistance zone with a strong 15-minute bullish engulfing pattern forming around 08:45 ET on 2025-08-17. The price action appears to have completed a 3-wave bullish structure from 0.5123 to 0.5286, with 0.5232–0.5286 as a potential next target if buyers consolidate. A bearish doji formed around 13:00 ET may signal short-term profit-taking ahead of a potential pullback to 0.5195–0.5200.

Moving Averages

On the 15-minute chart, the price closed above the 20-period and 50-period EMA, indicating strong short-term bullish momentum. On the daily chart, a bullish crossover of the 50-period and 100-period EMA would confirm a longer-term uptrend, but it remains pending.

MACD & RSI

MACD turned positive and expanded during the late-night breakout, confirming bullish momentum. RSI reached overbought territory near 70, suggesting a possible pullback in the next 1–2 hours. If RSI drops below 60 without breaking the 0.5200 level, the bullish trend may continue.

Bollinger Bands

Volatility expanded significantly in the last 6 hours, with the price moving outside the upper band during the breakout. The 0.5232–0.5286 range now lies near the upper Bollinger band, suggesting the move could pause for consolidation. A retest of the 0.5200–0.5210 zone may occur if the bands contract.

Volume & Turnover

Volume spiked sharply during the breakout above 0.5200, with a 3-hour session recording 670,000+ units traded. Notional turnover also surged, aligning with the price move. Divergences remain minimal, and volume appears to confirm the move higher.

Fibonacci Retracements

The 0.5200–0.5210 breakout level aligns with a 38.2% retracement of the 0.5123–0.5286 swing. A move to 0.5232 (50% retracement) or 0.5248 (61.8%) could follow if buyers consolidate above 0.5200.

JUPUSDT may continue testing the 0.5248–0.5260 zone in the next 24 hours if buyers commit, but traders should watch for short-term profit-taking and a possible pullback to 0.5195–0.5200. Volatility remains elevated, and unexpected news could accelerate either trend.