Predicting Jupiter Price: Solana’s JUP Token Declines as Year of the Dragon Fuels Launch of New Solana Meme Coin

Predicting Jupiter Price: Solana's JUP Token Declines as Year of the Dragon Fuels Launch of New Solana Meme Coin


Jupiter Price Drops Significantly

The price of Jupiter has fallen by 7.3% in the last 24 hours, down to $0.4819 and trading volume has increased by 49% to $155 million.

Jupiter Price Continues In A Downward Trend

Since reaching its all-time high (ATH) of 0.0212 on Jan. 30, Jupiter’s price has been on a downward trajectory, experiencing an 87% decline.

Jupiterโ€™s Price Stays In A Falling Channel

Jupiterโ€™s price has fallen within the falling channel, and a bearish flag pattern has emerged due to the decline in the 30-minute timeframe. The 4-hour timeframe indicates a fall in price within the falling channel, indicating resistance at the $0.6 supply zone.

Jupiter Price In A Downtrend

Currently, the falling channel pattern amplifies the bearish movement forcing the price into a downtrend. Indications are that there might be a potential buy move to the channelโ€™s upper boundary at the short term. If bearish momentum sustains, the bulls could encounter significant support around the $0.45 level.

Investors Flock To SMOG Token

Investors have been rushing to buy more SMOG, a newcomer to the Solana blockchain meme coin scene that is gaining popularity and achieving remarkable growth.

Investors Flock To SMOG Token

Investors have been rushing to buy more SMOG, a newcomer to the Solana blockchain meme coin scene that is gaining popularity and achieving remarkable growth.

Join The SMOG Airdrop For A Chance At Huge Returns

After a $700 million Jupiter airdrop on Solana made many people millionaires, $SMOG is offering an even larger airdrop to its investors.

Hot Take

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If you are considering an investment in Jupiter or SMOG, doing so at the right time could offer significant gains. Both have attracted investors for different reasons, and it is important to carefully balance the potential risks and rewards. Take advantage of the market conditions, new investment opportunities, and airdrops to make the most of these developments.

Predicting Jupiter Price: Solana's JUP Token Declines as Year of the Dragon Fuels Launch of New Solana Meme Coin
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Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies.Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.