JUP Price Prediction: Could It Mirror Solana’s Meteoric Rise?

The price of Jupiter (JUP), the native token of the decentralized exchange aggregator within the Solana ecosystem, has caught the attention of analysts and investors alike. After bouncing above the $1 mark and retesting a critical resistance level, some believe JUP could follow in Solana’s (SOL) footsteps.

Analyst Insights on JUP’s Potential

Prominent crypto analyst Rekt Capital suggests that maintaining support at current levels could pave the way for significant bullish momentum.

“Jupiter successfully retested its previous resistance area as new support,” Rekt Capital noted on X (formerly Twitter) on Nov. 18. “If stability continues here, JUP could mirror Solana’s recent breakout.”

Rekt Capital also shared a chart highlighting possible support levels for JUP, showcasing its potential to climb further.

Current Market Performance

JUP recently surged to $1.30 on Nov. 17, marking its highest level since May 2024. While profit-taking led to a slight pullback to $1.20, the token has shown resilience, hovering above the psychological $1 mark after rebounding from $1.04.

The next significant target for bulls is reclaiming the $1.29 resistance level. Breaking above this zone could set JUP on a path toward its all-time high of $2.00, last reached in January 2024.

Key Levels to Watch

• Upside Potential: A breakout from the current resistance zone could see buyers capitalize on broader market momentum, driving JUP toward new highs.

• Downside Risks: Failure to maintain support could lead to a retreat below $1. If JUP breaks below the horizontal support near $0.70, it could test the $0.50 level.

Solana Comparison

The buzz around JUP is fueled by Solana’s recent rally above $240, nearing its all-time high. As a key player in the Solana ecosystem, JUP could benefit from SOL’s momentum, further enhancing its appeal to investors.

Looking Ahead

With its recent price action and increasing attention from analysts, Jupiter stands at a critical juncture. Whether it mirrors Solana’s explosive rise remains to be seen, but its strong fundamentals and technical indicators make it a token worth watching.