Market Overview for Jupiter/Tether (JUPUSDT) – 2025-09-22

• JUPUSDT declined sharply overnight, closing near session lows amid heavy volume.
• RSI and MACD signal bearish momentum with potential oversold conditions.
• Volatility expanded during the early morning hours, suggesting a potential reversal setup.
• Price appears to be testing a key support level near 0.4700–0.4709.
• Fibonacci retracements highlight 0.4702–0.4760 as a possible consolidation zone.

Jupiter/Tether (JUPUSDT) opened at 0.5286 on 2025-09-21 at 12:00 ET and closed at 0.4749 on 2025-09-22 at 12:00 ET. The pair reached a high of 0.5311 and a low of 0.4567 over the 24-hour period. Total volume for the session was 10,930,261.1, and notional turnover amounted to 5,063,988.74.

Structure & Formations

The price of JUPUSDT formed a strong bearish trend over the last 24 hours, with multiple bearish candlestick patterns such as hanging men, bearish engulfing, and long lower shadows appearing between 01:00 and 04:00 ET. A key support level appears to be forming at the 0.4709–0.4723 range, with the price bouncing off this zone twice. Resistance levels are evident at 0.4760 and 0.4789, both of which were rejected in the afternoon and early evening.

Moving Averages

On the 15-minute chart, the 20-EMA is bearishly aligned with the 50-EMA, suggesting short-term bearish momentum. The 50-EMA is below both the 100-EMA and 200-EMA on the daily chart, reinforcing the bearish bias. The price remains below all major moving averages, indicating a continuation of the downtrend may be likely unless a strong reversal occurs at 0.4700.

MACD & RSI

The MACD line crossed below the signal line in the early hours of the morning, signaling bearish momentum. The histogram has remained negative for most of the session, indicating ongoing selling pressure. The RSI is currently in oversold territory (44.7 as of 12:00 ET), suggesting the pair may be due for a small bounce. However, the divergence between price and RSI is weak and may not indicate a strong reversal signal.

Bollinger Bands

Bollinger Bands have expanded significantly during the early morning hours, reflecting heightened volatility. The price has spent much of the day near the lower band, with a few brief tests of the middle band in the afternoon. The current price of 0.4749 is just above the lower band, suggesting a potential support test near 0.4700 could trigger a bounce or continuation of the downtrend.

Volume & Turnover

Volume spiked between 06:15 and 07:15 ET, with the 06:15 candle alone recording a massive notional turnover of 506,250.46. The high turnover corresponds with a sharp drop from 0.4872 to 0.4751, indicating significant selling pressure. While volume has declined in the morning, it remains above average for the session. There is no clear divergence between price and turnover, suggesting the sell-off was broadly supported.

Fibonacci Retracements

On a 15-minute chart, the recent swing high of 0.4805 and swing low of 0.4708 suggest a retracement zone between 0.4735 and 0.4765. The price is currently near 0.4749, close to the 50% level. On a daily chart, the major Fibonacci levels from 0.5311 to 0.4567 highlight 0.4700 (61.8%) as a critical support level that could dictate the near-term direction.

Backtest Hypothesis

The backtesting strategy described assumes a mean-reversion approach, entering long positions when the 20-EMA crosses above the 50-EMA and RSI crosses below 30. Given the current conditions, a long signal may be triggered near 0.4700–0.4723, assuming a retracement to this area. However, the bearish trend remains intact unless buyers can push the price above 0.4760 and sustain it for several hours. A strong break of 0.4700 could invalidate the setup and signal further downside.