Jupiter [JUP] extended its bullish streak. The altcoin finally flipped the $0.3 resistance and jumped to a 10 month high of $0.31.
As of this writing, Jupiter was trading around $0.30, up 11% on the daily charts. On the daily charts, JUP printed a double-digit surge, hiking by 15%.
The sustained uptick has seen JUP’s market cap reclaim $1 billion as per CoinMarketCap, a clear sign of steady capital flow.
Why is Jupiter showing a stubborn upside momentum?
JUP seems to have benefited significantly from the tokenized stocks’ boom in the Solana ecosystem. Cryptocurb noted that tokenized stocks supplied on Solana have held within an upward trajectory.
In fact, the total supply exceeded $620 million as per Blockworks data. With tokenized stocks on the Solana ecosystem soaring, the community chatters have linked the surge to JUP price action.
This is because Jupiter currently commands 18% of the Solana’s equities volume. At the same time, Jupiter enjoys over 28% of tokenized equities deposited in lending protocols.
Although not an AMM, Solana’s order flow is already routing hundreds of tokenized stocks. As a result, demand for Jupiter has recovered considerably.
Protocol activity and capital flow prove critical
Capital inflow into the Jupiter protocol has proved vital in determining the trend direction. AMBCrypto earlier reported that Jupiter plunged 10% after protocol inflows turned negative.
Now, with the altcoin on the rise, inflows are holding positive. On the 21st of September, USD inflows jumped to $34.3 million, resuming a trend witnessed on the 19th.
Looking at the pattern, every time inflows rise, JUP also rises. High network activity also backed the capital inflow.
DefiLlama data showed that transactions reached a record high of 620.2k. Such a strong jump pointed towards high market activity, mostly from buyers.
Can JUP hold $0.30 and extend the rally?
Jupiter is for now strongly leaning bullish, driven by both network and open market demand. On exchanges, buyers have dominated the market for the past four days, which coincides with strong upside momentum.
The altcoin’s MACD also confirms this, with the indicator having formed a bullish crossover a day ago. Under these circumstances, Jupiter is well positioned to extend the trend.
Thus, if demand holds firm, Jupiter will hold $0.30 and target $0.35, where the trend collapsed in November 2025. If bulls fail to hold this level, JUP will drop to $0.24 support and attempt another leg up, holding external factors constant.
Final Summary
- JUP surged 11%, cleared $0.3 resistance, and touched $0.31, levels last witnessed in November 2025.
- Jupiter benefits from growing tokenized stocks on the Solana ecosystem, as it commands over 18% of Solana equities volume and 28% of deposits.
Be the first to comment