JUP Drops 78%, but Technical Signals Point to a Possible Rebound

The token Jupiter (JUP) finds itself in a difficult position. Since its all-time high, it has lost nearly 78% of its value and is under heavy selling pressure. However, in recent days, several updates and technical signals suggest that a short-term recovery might be on the horizon.

Fundamentals: News That Could Help Despite the sharp price decline, Jupiter has been working on steps that could strengthen its market position. The project launched JupNet integrated with BitcoinKit, opening the door to native BTC cross-chain DeFi. If successful, this initiative would allow Bitcoin capital to flow into applications such as lending, yield farming, and multi-chain liquidity — expanding Jupiter’s use cases and adoption. Another significant update came from 21Shares, one of Europe’s most recognized crypto investment product issuers, which introduced AJUP, an ETP-like product providing direct exposure to JUP. The availability of AJUP helps reduce reliance on retail-driven flows and increases Jupiter’s visibility in traditional markets. If these developments are executed effectively, they could boost ecosystem utility and improve Jupiter’s ability to attract institutional capital.

Technical Analysis: Bounce From $0.41? On the spot market, JUP remains under pressure, but the $0.41 support zone has shown strength as buyers attempt to defend it. Recently, the price has started to bounce slightly from this level. Short-term charts show that moving averages around $0.44–$0.45 act as major resistance levels. Indicators such as MACD point to a bullish crossover, while RSI is rising from oversold territory. These signs suggest a real possibility of a short-term rebound. A breakout above $0.45 could set the stage for a further move toward $0.48.

Community Sentiment and Calls for Buybacks Beyond technicals, community sentiment plays a crucial role. Many holders are calling for buybacks and token burns to reduce circulating supply and restore confidence. One user on X summarized it bluntly: “You need to do more buybacks and burns. This price action is pathetic. You’re making plenty of money, so you should have the firepower to draw a chart that gives investors and holders something to believe in.”

Jupiter Still Among Top DEX Aggregators Despite recent selling pressure, Jupiter remains one of the top four DEX aggregators by 24-hour trading volume. According to DefiLlama, cumulative fees have reached $1.24 billion, while total revenue stands at $313 million.

Additionally, Meteora’s allocation of 3% of TGE to JUP stakers is seen as a smart move to support staking and long-term liquidity. This initiative could temporarily ease selling pressure and improve on-chain structure.

Conclusion The path to recovery for JUP is possible but far from guaranteed. Success will depend on whether the project can turn new partnerships and initiatives into tangible results, stabilize price action, and rebuild investor trust through meaningful governance and tokenomics measures. Technical indicators currently favor a short-term bounce, but a sustainable long-term recovery will require strong execution, positive community sentiment, and consistent ecosystem growth.

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