Market Overview for Jupiter/Tether (JUPUSDT) on 2025-09-24

• JUPUSDT declined to $0.4666 in early ET hours before rebounding to $0.4844 near the 24-hour high.
• A strong volume spike of 776,499.5 units occurred during the 2025-09-24 014500–020000 ET window, indicating heightened activity.
• Price consolidation emerged near $0.475–0.476, with RSI signaling a potential momentum shift after earlier overbought conditions.
• Volatility expanded from $0.462–0.464 to $0.473–0.484, with Bollinger Bands widening midday.
• Turnover and price moved in sync during the 10:00–11:45 ET session, suggesting continuation bias.

Jupiter/Tether (JUPUSDT) opened at $0.4738 on 2025-09-23 12:00 ET, reached a 24-hour high of $0.4844, and closed at $0.4752 on 2025-09-24 12:00 ET. Total volume for the period was 7,764,995 units, with a notional turnover of $3,608,116. The market showed a clear pullback from early gains, forming key support and resistance levels around $0.473–0.476 and $0.479–0.482.

Structure & Formations

Price formed a bearish engulfing pattern at $0.479–0.4756 in the 15:00–15:15 ET window and a bullish harami near $0.4718–0.4752 during the 14:15–14:30 ET window. Key support levels include $0.4665 and $0.4621, with resistance at $0.477 and $0.4795. A potential triple bottom structure emerged around $0.4715–0.475 over a 5-hour span, signaling possible near-term bounce.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA twice in the last 6 hours, forming a bullish crossover pattern. The 200-period MA on the daily chart remains below the current price, suggesting a long-term bullish setup. The 100-period MA on the daily chart has been acting as a dynamic support near $0.468–0.471.

MACD & RSI

MACD turned positive in the 02:00–03:30 ET window and remained bullish until 15:45 ET, when it began to diverge from price, hinting at weakening momentum. RSI oscillated between 30 and 80, peaking at 78 during the 15:00–15:15 ET rally and falling back to neutral levels by 16:00 ET. Oversold conditions occurred twice in the 03:00–05:00 ET window, followed by strong bounce attempts.

Bollinger Bands

Volatility expanded significantly between 01:45 and 04:00 ET, with bands widening to 0.009 range from earlier 0.004. Price remained within the bands during the 09:00–16:00 ET session but touched the upper band during the $0.4844 high. A contraction occurred around $0.474–0.476, which could precede a breakout if sustained.

Volume & Turnover

The largest volume spike was 776,499.5 units during the 01:45–02:00 ET window, coinciding with a strong price rebound. Turnover also surged, indicating high conviction. Price and turnover diverged slightly after 15:00 ET, where volume remained elevated while price declined, suggesting possible exhaustion.

Fibonacci Retracements

Key retracement levels include 38.2% at $0.4735 and 61.8% at $0.4765 from the $0.4621–0.4844 swing. The 50% level at $0.4733 acted as temporary support during the 03:30–05:30 ET correction. Daily retracement levels suggest a potential retest of the $0.477–0.481 zone from the $0.462–0.4844 move.

Backtest Hypothesis

The backtest strategy involves entering long positions on JUPUSDT when the 20-period MA crosses above the 50-period MA on the 15-minute chart and RSI crosses back above 30 from oversold territory, with a stop loss set 2% below the entry price. Exit is triggered when MACD turns negative or RSI approaches 75. Given the recent bullish crossovers and oversold rebounds, this approach may have captured the 02:00–04:00 ET rally effectively. However, the divergence in the 15:45–16:00 ET window suggests caution in relying solely on this setup for continuation.