Market Overview for Jupiter/Tether (JUPUSDT)

Summary
• JUPUSDT formed a bearish engulfing pattern at 0.2441, suggesting a reversal in momentum.
• Price broke below key support at 0.2367, with 0.2343 now a critical level.
• Volume spiked during the 18:30–19:00 ET range, confirming the breakdown.
• RSI dipped into oversold territory below 30, indicating potential for a short-term rebound.
• Volatility remained high as price traded within expanding Bollinger Bands.

Market Overview

Jupiter/Tether (JUPUSDT) opened at 0.2414 on 2026-01-14 and closed at 0.2279 by 12:00 ET on 2026-01-15, with a high of 0.2446 and a low of 0.2244. Total traded volume reached 12,772,909.0 units, with a notional turnover of approximately $2,853,829.00.

Structure & Formations

The breakdown below 0.2367 marked a critical support breach, forming a bearish continuation pattern. A bearish engulfing candle appeared at 0.2441, confirming the shift in control to sellers. The price then consolidated around 0.2343, a key Fibonacci level, before continuing lower.

Moving Averages

On the 5-minute chart, price is well below the 20-period and 50-period moving averages, signaling a strong bearish bias. On the daily chart, the 50-period MA is likely acting as overhead resistance, while the 200-period MA appears to be a long-term floor.

Momentum & Volatility

The RSI dropped to oversold levels around 30, hinting at a possible short-term rebound. The MACD line crossed below the signal line, reinforcing bearish momentum. Volatility expanded significantly as the price moved within a wide Bollinger Band, with the closing price sitting near the lower band.

Volume & Turnover

Volume spiked sharply during the 18:30–19:00 ET window, coinciding with the breakdown below key support. Notional turnover followed a similar pattern, showing strong confirmation of the move. There was no significant divergence observed between price and turnover, suggesting broad consensus in bearish sentiment.

JUPUSDT may test the 0.2243 level before finding a near-term bottom, with a potential pullback to 0.2315–0.2325 possible. Traders should monitor volume and RSI for signs of a reversal, but bearish momentum appears to have the upper hand for now.