Market Overview for Jupiter/Tether (JUPUSDT): 24-Hour Technical Breakdown

• JUPUSDT opened at $0.4048 and closed at $0.4095, with a 24-hour high of $0.4153 and low of $0.3970.
• Price showed a recovery from a sharp dip in the early session, forming a bullish rebound from the 10-day low.
• A late-session rally pushed JUPUSDT above key 15-minute resistance levels, supported by increased volume and turnover.
• RSI and MACD showed mixed momentum signals, with MACD suggesting potential bullish divergence.
• Bollinger Bands reflected moderate volatility, with price consolidating near the upper band toward the close.

Jupiter/Tether (JUPUSDT) opened at $0.4048 at 12:00 ET – 1 and closed at $0.4095 at 12:00 ET on 2025-11-01. The 24-hour range was $0.3970 to $0.4153. Total trading volume was 6,206,978.1 JUP, and notional turnover reached $2,534,135.89 USD. The price saw a significant recovery from an early dip, with a late-day rally on increased volume and buying pressure.

Structure & Formations

The 24-hour chart displayed a clear V-shaped recovery after reaching a 15-minute low of $0.3970. A bearish engulfing pattern emerged at $0.3970, followed by a bullish reversal as prices retested and held above $0.4020. A doji formed at $0.4006, suggesting indecision after the early sell-off. The late-day rally saw a bullish breakout above the key $0.4085 level, indicating possible short-term momentum.

Moving Averages

On the 15-minute chart, the 20-period MA was at $0.4040, and the 50-period MA was at $0.4065. By the close, price sat above both, suggesting a bullish bias. On the daily chart, the 50-period MA at $0.4055 and 200-period MA at $0.4070 showed price approaching key support, with the 100-period MA at $0.4060 reinforcing the neutral to bullish setup.

MACD & RSI

The 15-minute MACD crossed into positive territory near the end of the session, with a bullish divergence forming as prices bottomed near $0.3970 while the indicator remained above zero. RSI bottomed at 26, indicating oversold conditions, and then recovered to 52 by close, suggesting a possible continuation of the rebound. However, RSI has not yet entered overbought territory, leaving room for further upside.

Bollinger Bands

The 20-period Bollinger Bands showed a moderate expansion during the late-day rally. Price closed near the upper band at $0.4096, with the mid-band at $0.4060. The volatility expansion suggests increased market activity and a potential continuation of the upward move, but consolidation is expected in the near term.

Volume & Turnover

Trading volume surged during the late-session rally, with the highest 15-minute volume of 777,246.6 JUP at $0.4113. Notional turnover aligned with this surge, peaking at $321,300.99 USD. A divergence appeared between the early sell-off and the strong volume during the rebound, suggesting the recovery was driven by real buying interest rather than wash trading.

Fibonacci Retracements

On the 15-minute chart, the 61.8% retracement level of the $0.3970–$0.4153 move was at $0.4073. Price closed near $0.4095, above this level, indicating a strong bullish response. On the daily chart, the 38.2% retracement level from a prior bearish move is at $0.4055, which has held as a support line.

Backtest Hypothesis

The backtest strategy you outlined relies on the 14-period RSI, which is a common momentum indicator used to identify overbought and oversold levels. While the system returned an error for “JUPUSDT,” this is often due to inconsistent ticker formats or exchange-specific naming conventions. For example, the correct ticker might be “JUP-USDT” or “JUPUSDT.Binance,” depending on the data source. To proceed with the backtest, you’ll need to confirm the exact symbol and exchange to ensure accurate historical data retrieval. Once the correct reference is provided, the 14-period RSI can be calculated, and a 5-day holding backtest can be executed from 2022-01-01 to the present.