Jupiter (JUP) Price Prediction: Rally Potential as Breakout Above $0.61 and DeFi Expansion Boost Bullish Sentiment

Jupiter (JUP) has recently experienced increased volatility and trading activity, first dropping 1.38% over the past week and losing 30.15% in the last month, but now showing strong signs of recovery. Initially, technical analysts identified a bearish flag that could have led JUP to further decline toward $0.41 if it failed to hold above $0.50. However, market momentum reversed as JUP broke through key resistance levels ($0.585 and $0.61), supported by an 18% price surge and a bullish inverted head and shoulders pattern. Currently, JUP trades around $0.61, with trading volume up 185% in 24 hours, signaling robust market interest. DeFi developments—such as the launch of Jupiter Lend—are strengthening bullish sentiment. Long positions are concentrated at $0.578 ($4.93M), which creates a risk of over-leverage, while at $0.626, $691K is in shorts, but little resistance remains above. Despite positive momentum, $3.77M in JUP was recently moved to exchanges, suggesting potential upcoming profit-taking. A confirmed daily close above $0.61 could trigger a further rally toward $0.76 and possibly $1. Failure to hold above $0.61 may see a retracement toward $0.468. Market sentiment is cautious but improving, and technical indicators hint at a possible rebound from oversold levels. Traders should closely watch resistance levels, profit-taking activities, and DeFi announcements for short-term market direction. Main keywords: Jupiter (JUP) price prediction, DeFi, trading activity, bullish breakout, resistance level, crypto market.