JUP Token Surges $189M in TVL, Targets $0.40 Breakout
JUP token surged 8% in 24 hours and 14% over the week after its Total Value Locked (TVL) climbed by $189 million to $3.36 billion, according to DeFiLlama. Weekly perpetual volume on decentralized exchanges hit $3.34 billion, signaling rebounding demand and higher liquidity. Technical indicators support the bullish case: the Money Flow Index (MFI) stands at 76.52, while the Average Directional Index (ADX) shows a strengthening trend at 21.54. JUP token is now testing the key $0.40 resistance level, which previously sparked a 21% pullback. A successful breakout above $0.40 could propel JUP toward the next target range of $0.45–$0.47. Traders should monitor on-chain metrics, key resistance levels, and risk-management signals for potential entry points.
Bullish
The news highlights a significant 8% daily and 14% weekly rally in JUP token driven by a $189 million TVL increase and rising perpetual volume, signaling renewed demand. Bullish technical indicators—MFI at 76.52 and ADX at 21.54—confirm strong capital inflows and trend momentum. Testing the $0.40 resistance, which previously caused a 21% pullback, suggests a potential breakout toward $0.45–$0.47. In the short term, this setup may trigger further buying interest, while in the long term sustained TVL growth and confirmed breakouts could cement a bullish trend for JUP.