Despite the plunge in trading volume on the decentralized exchange (DEX) Jupiter, the JUP price still shows an upward trend, with the current price approaching $1. The market sentiment is bullish, benefiting from the support of multiple technical indicators such as the 20-day and 50-day exponential moving averages (EMAs), as well as the potential shift of the SuperTrend indicator. In the future, the token is expected to break through the all-time high of $2 due to the increase in trading volume and open interest.

Key Points

- Despite the 80% drop in trading volume on Jupiter DEX, the JUP price has risen by 25% in the past two weeks.

- Jupiter is the 11th largest DEX with a trading volume of $128 million.

- The JUP price trend is bullish, aiming to break through $1 and may reach the all-time high of $2.

- The 20-day and 50-day EMAs provide support, showing that both the short-term and long-term price trends are upward.

- The SuperTrend indicator indicates a potential buying opportunity in the market.

- If the JUP price continues to rise, the market will be driven by the "fear of missing out" (FOMO).

- The MACD indicator gives a buy signal, further supporting the expectation of price increases.

- Open interest in the futures market increased by 11%, indicating potential buying pressure.