The Jupiter protocol is giant thanks to its recent successful moves. The Altcoin project has recently achieved a huge rise on the Solana network. The total locked value of the Dex platform increased by 5 %last week. In this process, it reached a valuation of $ 2.87 billion. So he left his rival Raydium behind. According to the data received from the fashion show, Raydium is currently third with a TVL of $ 2.70 billion.
This impressive increase came after a series of important developments in Jupiter’s recently announced at the Catstanbul 2025 event. Jupiter announced that it has purchased great shares in Moonshot and Sonarwatch projects. This step supported the goal of creating a comprehensive portfolio tracking tool for Solana. In addition, Jupiter announced that 50 %of the protocol revenues will allocate JUP Token Reviews. However, he said he would burn 3 billion tokens.
Jupiter (JUP) shows a strong rise
Jup Token showed a strong price increase after these positive developments in the protocol. Token has gained 24 %in the last 24 hours and is currently traded for $ 1.19. This success of Jupiter made Jup one of the highest -profit tokens throughout the market.
According to the daily graphics analysis of the JUP/USD, the rise is expected to continue. The OBV (Ten-Balance Volume) Metrik has now reached $ 1.3 billion, the highest level of all time. OBV value estimates price movements by measuring money flow to a Coin. In this way, the OBV’s increase shows that the procurement pressure continues and creates upward pressure on the price.
In addition, the Chaikin Money Flow (CMF) indicator gives positive signs. CMF is at 0.11 at the time of spelling. This states that the demand for Jup Token has increased. Positive CMF points to the accumulation of the market and the superiority of recipients.
JUP TOKEN PRICE EXPORT
With the current demand increase, the JUP Token may exceed the resistance level in $ 1.22 to $ 1.46. However, in case of re -emergence of sales pressure, the price may decrease to $ 1.08.
The rapid rise of the Jupiter protocol increased both the interest of investors and its impact on Solana. Jupiter’s new steps in the coming periods and how to take shape of the Jup Token price continues to be a great curiosity.
