Market Overview for Jupiter/Tether (JUPUSDT) on 2025-09-19

• JUPUSDT traded in a downward trend over the 24-hour period with key support around 0.529–0.532.
• Momentum weakened as RSI dropped below 30, indicating oversold conditions by the end of the period.
• Volume increased significantly during the sharp decline, confirming bearish pressure.
• Price broke below a key Fibonacci level of 0.5365, suggesting further downside potential.

Jupiter/Tether (JUPUSDT) opened at 0.5547 on 2025-09-18 at 12:00 ET and closed at 0.5285 on 2025-09-19 at the same time, reaching a high of 0.5732 and a low of 0.5225 over the 24-hour period. The total volume was approximately 31,984,863.16, while notional turnover amounted to $16,278,841.09 (assuming Tether at $1.00).

Structure & Formations

The JUPUSDT pair displayed a strong bearish bias over the 24-hour period, with price falling from above 0.56 to below 0.53 by the end of the period. Key resistance levels were found around 0.566–0.573, where price faced rejection and failed to sustain above 0.570. Support levels emerged at 0.532–0.534 and 0.528–0.530, with the latter offering temporary buying interest before the final drop. A series of bearish engulfing patterns and long lower shadows confirmed continued bearish sentiment. A notable doji formed at 0.5301, signaling indecision but failing to halt the downward move.

Moving Averages

On the 15-minute chart, the 20-period MA and 50-period MA both remained bearish, with the 50-period MA acting as a short-term resistance around 0.538–0.540. By the end of the period, price closed well below both MAs, reinforcing a downtrend. On the daily chart, the 50-, 100-, and 200-period MAs aligned in a bearish formation, indicating a stronger trend in place.

MACD & RSI

The MACD line turned negative early in the morning of 2025-09-19, confirming bearish momentum. The histogram showed increasing bearish divergence as the day progressed, aligning with the falling price action. RSI dropped from above 50 to below 30 by the end of the period, indicating oversold conditions and potential for a short-term rebound.

Bollinger Bands

Volatility expanded significantly during the decline from 0.573 to 0.529, with the bands widening from approximately 0.55–0.57 to 0.52–0.54. Price closed near the lower band at 0.5296, suggesting it was trading in an oversold range. A contraction in volatility could be a potential signal for a reversal, but given the strength of the downtrend, this is more likely to result in a continuation.

Volume & Turnover

Volume surged during the sharp drop in price, with the largest single 15-minute candle volume reaching 765,803.5 at 05:30 ET, confirming bearish conviction. Turnover mirrored volume patterns, peaking during the same time frame. Price and volume moved in alignment, indicating strong conviction in the bearish trend. No divergence was observed, suggesting the decline was not a capitulation move.

Fibonacci Retracements

Applying Fibonacci to the most recent 15-minute swing from 0.5732 to 0.5225, the key retracement levels were 0.5508 (38.2%) and 0.5365 (61.8%). Price failed to hold at 0.5365 and broke down further. On the daily chart, the retracement levels from the recent high align with the key support levels currently in play.

Backtest Hypothesis

A potential backtest strategy involves entering a short position when price closes below the 50-period MA and RSI confirms an oversold reading (below 30). A stop-loss could be placed above the 61.8% Fibonacci level, and a take-profit target could be set at the previous key support level. This setup would leverage the confirmed bearish momentum and technical alignment seen in the 24-hour period.