Market Overview for Jupiter/Tether (JUPUSDT)

Summary
• Price tested key support at $0.1903–0.1907, rebounding with increased volume.
• Bullish momentum appears to be building after a bearish breakdown attempt early in the session.
• Volatility expanded following the 20:00 ET swing low, with price consolidating near the 61.8% Fibonacci level.
• RSI shows no immediate overbought or oversold signals, suggesting balanced pressure.
• High turnover during the 19:15–20:45 ET range points to active participation.

Jupiter/Tether (JUPUSDT) opened at $0.1958 on 2025-12-22 at 12:00 ET and closed at $0.191 at 12:00 ET on 2025-12-23, reaching a high of $0.1959 and a low of $0.189. Total volume over the 24-hour period was 10,424,189.3, with a notional turnover of $1,998,244.5 (volume × average price).

Structure & Formations

Price formed a bearish breakdown structure early in the session, with a low at $0.1903–0.1907, but subsequently reversed, creating a potential bullish reversal pattern. The 5-minute chart shows a bullish engulfing pattern near the $0.192–0.193 range after the morning rebound. Key support levels are consolidating around $0.1903–0.1911, while resistance appears to be at $0.193–0.195.

MACD & RSI

MACD turned positive after the 06:00–08:00 ET rebound, suggesting a shift in momentum to the bullish side. RSI moved above 50 and remains in neutral territory, indicating balanced buying and selling pressure without signs of overbought or oversold conditions. The oscillator's stability suggests traders are not aggressively pushing the price in one direction.

Bollinger Bands

Volatility expanded significantly following the 19:15–20:45 ET swing, pulling price away from the lower band and into the upper half of the band. Price has since consolidated near the 61.8% Fibonacci retracement level of the recent downwave. The bands have widened, showing increased uncertainty.

Volume & Turnover

Volume spiked sharply during the 19:15–20:45 ET range, with a large block of trades pushing price lower before a subsequent rebound. Turnover rose in tandem, especially during the 05:00–06:30 ET and 07:00–08:30 ET windows, aligning with price consolidation and rebound phases. Divergence between volume and price is not currently evident, suggesting that recent moves are supported by order flow.

Fibonacci Retracements

On the 5-minute chart, the 61.8% retracement of the morning downtrend aligns with the

recent price consolidation near $0.1915–0.1925. Daily chart levels also show a key Fibonacci level at $0.1935 as potential resistance. A break above this could invite further buying interest.

The forward-looking sign is cautiously optimistic, as the price has begun consolidating after a strong bounce off key support. A continued push above the 61.8% Fibonacci level could confirm bullish momentum. Traders should be mindful of potential resistance at $0.1935 and the risk of a pullback if volume wanes.