The price of Jupiter (JUP) has surged by 36.76% in a single day, with trading volumes reaching new heights. The altcoin’s bullish market structure on both the daily and 4-hour charts suggests strong upward momentum, driven by surging demand and increased buying pressure.
However, experts warn that this rapid price increase may be accompanied by potential profit-taking, which could lead to a short-term price dip. A move towards the $0.95-$1 support zone might be possible in the coming days, presenting a buying opportunity for investors.
According to analysts, the liquidation map indicates more cumulative liquidation leverage to the south than north, suggesting a liquidity hunt and potential short-term price drop. The short-term targets in this scenario could be at $1.11 and $1.06 levels.
Source: https://ambcrypto.com/jupiter-jup-price-prediction-36-hike-but-is-the-risk-of-profit-taking-still-there