Market Overview for Jupiter/Tether (JUPUSDT) on 2025-10-09

• Price declined sharply after an early rally, closing 0.445 at 12:00 ET
• RSI showed bearish divergence as price hit oversold territory
• Volume spiked during the downward move, confirming bearish momentum
• Bollinger Bands showed contraction before the sharp drop, hinting at a break
• MACD crossed below signal line, reinforcing bearish bias

Jupiter/Tether (JUPUSDT) opened at 0.4469 at 12:00 ET-1, reached a high of 0.4542, a low of 0.4213, and closed at 0.445 by 12:00 ET. Total volume for the 24-hour period was 8,939,176.9, with a turnover of 3,970,433.45. The pair showed a strong bearish bias after a brief bullish start.

The 15-minute chart revealed a critical breakdown below the 0.450 psychological level, with a subsequent test of 0.443 and 0.440 as support levels. A bearish engulfing pattern formed during the late ET hours, confirming the shift in sentiment. A doji at 0.4297–0.4302 suggested indecision during the consolidation phase, but bearish momentum quickly resumed.

On the 15-minute chart, the 20-period moving average crossed below the 50-period line, reinforcing the downtrend. The daily 50/100/200 SMA structure was also bearish, with price closing below all three. MACD crossed below the signal line, with a bearish histogram indicating declining momentum. RSI bottomed out around 25-30 in the oversold zone, though it showed a bearish divergence with price, which suggests further downside.

Bollinger Bands showed a period of contraction earlier in the day, followed by a violent break to the downside, indicating a strong bearish move. Price ended the session near the lower band, signaling potential continuation. The 61.8% Fibonacci retracement level of the morning rally sat near 0.435–0.440, which was tested and broken. Traders should watch the 0.440–0.443 range for potential short-term support and the 0.447–0.450 zone for possible resistance on any near-term bounce.

Looking ahead, JUPUSDT may continue its bearish trajectory toward the next key support near 0.435, provided the 0.440–0.443 zone fails to hold. A reversal above 0.447–0.450 could spark a short-term rebound, but with momentum and volume favoring the bears, further downside remains a higher-probability outcome. Investors should remain cautious as volatility could increase with a potential test of 0.435.

Backtest Hypothesis
Given the bearish momentum confirmed by MACD, RSI divergence, and the breakdown of key support levels, a backtesting strategy could be based on short entries on a confirmed close below the 0.443–0.440 support zone. Stops could be placed above the 0.447–0.450 level, while targets could aim for 0.435 and 0.425 based on Fibonacci and Bollinger Band analysis. This approach would seek to capitalize on the continuation of the current bearish trend while managing risk through defined entries and exits.