Jupiter soars: Will JUP surge 50% this week?

Massive Spot Demand and Whales in Full Accumulation Mode

The token of the Solana DEX aggregator recently surged by 23%, establishing itself as one of the best performing assets in the market. Currently trading around $0.247, the price of JUP is benefiting from a resolutely bullish momentum. This spectacular rise is primarily fueled by structural strength in the Spot market, where investors are accumulating massively.

Massive HTF order blocks confirm this trend. According to Fibonacci extensions, JUP could target $0.35 in the coming days if the $0.23 level is maintained in the short term. JUP is therefore heading towards a potential 45% upside. 

According to CoinGlass data, the market recorded approximately $577,000 in net outflows over the last 24 hours. Over the past 30 days, this figure has reached $1.84 million. This trend indicates that traders are withdrawing their tokens from exchanges for cold storage, thereby reducing immediate selling pressure.

This supply shock is a strong signal for buyers. If this accumulation dynamic continues, it could serve as a solid support to prevent a sharp retracement. Whales seem to be betting on a long term vision, reinforcing the credibility of this bullish move.

Derivatives Catch Fire: Open Interest at an All Time High

The enthusiasm for Jupiter is not limited to the Spot market. The perpetual contracts sector confirms this buying frenzy. Open Interest (OI) exploded by more than 22% in a single day to reach $67.26 million. This is its highest level since February 2026, proving the strong return of speculation.

In parallel, the OI weighted funding rate remains at positive levels, around 0.0140%. This demonstrates that Long positions largely dominate the market. Institutional and retail traders are anticipating an imminent breakout above current levels, hoping the price will smash through to new highs.

However, such overheating in derivatives calls for caution. Although the MACD and other trend indicators may appear favorable, an excessive imbalance of long positions exposes the market to cascading liquidations in the event of a sudden correction.

In the short term, the 0.24 cluster should be reclaimed. The next cluster is located around $0.19, which is below the 12 hour order block sitting at $0.20. For this level to be reached, Bitcoin would need to drop below $76,000.

Will Liquidity Zones Stop the JUP Rally?

Despite these extremely positive signals, the path to a new ATH is not guaranteed. Order book analysis reveals the presence of significant liquidity clusters just above the current price. These zones act as major resistance, capable of absorbing buying pressure and capping the rise of Jupiter. A 2 week order block between $0.7 and $1.2 is the massive liquidity zone that could slow down JUP in the long term.

But if Spot demand were to run out of steam, the bearish scenario would take over. The price of JUP could then suffer a violent rejection at these key levels, leading to a drop towards its lower support zones. Traders will need to closely monitor the evolution of the RSI to detect any imminent overbought signals and bearish divergences.

A retest of the low of its previous range around $0.35 is likely. Nevertheless, a perfect retest is rarely offered to traders. Everything will play out in the coming days for the trend of JUP over the next few weeks. 

Without an even more massive influx of capital to break these liquidity walls, the trend could reverse. Faced with these major technical obstacles, is it the right time to buy Jupiter (JUP) before a potential new surge?

Sources:

• Tradingview
• MMT
• AMBCrypto
• Coinglass

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