Market Overview for Jupiter/Tether (JUPUSDT) – 2025-09-23

• JUPUSDT tested key support at 0.4650 before bouncing with bullish reversal cues near 0.4720.
• Momentum dipped mid-day but rebounded with a late surge above 0.4750, confirming short-covering.
• Volatility expanded during the morning dip, while turnover spiked during the 0.4660–0.4740 recovery.
• RSI remained neutral but avoided overbought/oversold extremes, suggesting consolidation ahead.
• Bollinger Bands showed a narrow contraction prior to the morning break, followed by a sharp price expansion.

Jupiter/Tether (JUPUSDT) opened at 0.4712 on 2025-09-22 at 12:00 ET and closed at 0.4738 on 2025-09-23 at 12:00 ET, with a 24-hour high of 0.4875 and low of 0.4615. Total volume was 11,089,463.8, and notional turnover amounted to $5,245,392. The pair experienced a mid-day pullback before a late morning rally.

Structure & Formations

The JUPUSDT price action displayed a series of key support and resistance levels over the past 24 hours. The critical support level at 0.4650 was tested twice and held, with a strong bounce observed from this level. A bullish engulfing pattern formed at the 0.4650–0.4720 range during the morning recovery, suggesting short-term buyers stepping in. Later in the day, a doji formed near 0.4738, signaling potential indecision and a possible pause in the upward move.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed to the upside around 0.4720, forming a golden cross, which may reinforce the near-term bullish bias. On the daily chart, the 50-period moving average is at 0.4702, and the 200-period is at 0.4685, suggesting a retest of the 50-day MA could trigger more momentum.

MACD & RSI

The MACD line crossed above the signal line in the late morning, confirming the strength of the rally. However, the histogram remains narrow, indicating cautious momentum. The RSI remained in the mid-50s for most of the day, avoiding overbought or oversold territory, which suggests a lack of extreme conviction in either direction. A pullback to the 45–50 RSI range could indicate further consolidation ahead.

Bollinger Bands

Bollinger Bands showed a contraction in the early morning, with the price consolidating tightly within a narrow range below 0.4700. This was followed by a sharp price expansion as JUPUSDT broke above the upper band, reaching as high as 0.4875. Price currently sits just below the upper band, indicating elevated volatility and strong recent momentum.

Volume & Turnover

Volume spiked during the morning rally from 0.4650 to 0.4750, with turnover increasing significantly in that range. The largest single 15-minute candle was the 0.4760–0.4875 move, which saw a massive volume of 1,534,315.5 and turnover of $1,038,792. This volume confirmed the strength of the move. No significant divergence was observed between volume and price action, suggesting the rally is well supported.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent swing from 0.4615 to 0.4875 shows the 38.2% retracement at ~0.4745 and the 61.8% at ~0.4710. JUPUSDT closed near the 38.2% level, which may act as a key support/resistance in the next 24 hours. A break below 0.4710 could target the 0.4685 level, aligned with the 50-day MA.

Backtest Hypothesis

Given the strong support at 0.4650 and the confirmed bullish pattern near 0.4720, a backtest strategy could involve a long entry at 0.4715 with a stop-loss just below 0.4690 and a target at 0.4750–0.4770. The MACD crossover and the Fibonacci 38.2% level provide a favorable risk/reward ratio of approximately 1:1.5. This strategy would benefit from a continuation of current bullish momentum and a retest of key technical levels.