coinjournal.net
- Jupiter price jumped to above $0.23 as several altcoins pumped.
- Social chatter around airdrop activity and exchange integrations.
- $JUP is also up for robust product adoption on Solana.
Jupiter ($JUP), the cryptocurrency token of Solana’s leading decentralized exchange, rose to highs of $0.23 on Wednesday, tracking intraday momentum across the broader market.
The double-digit gains, which extend Jupiter’s uptick amid multiple key catalysts, mean another surge could bring the $0.30 level into view.
Why is $JUP price rallying this week?
$JUP is climbing alongside broader altcoin gains, with the token extending its rally to 13% over the past week.
Bulls edged nearly 10% up in the past 24 hours, before a slowdown cut these to around 8% at the time of writing.
After touching highs near $0.23, $JUP traded around $0.21, but its latest rally reflects trader interest in Solana’s leading DEX aggregator.
One key tailwind is the final Jupuary snapshot scheduled for January 30.
Demand is spiking as users position for the potential 200 million $JUP rewards. This event has amplified trading activity and liquidity provision ahead of the deadline.
Meanwhile, Coinbase’s recent Solana integration further bolsters momentum. By enabling users to trade via Jupiter directly within the exchange, Coinbase puts the DEX on track for expansion to millions of retail traders.
Elsewhere, Jupiter has established its footprint with product developments like JupUSD stablecoin and Jupiter Lend, with DeFiLlama metrics showing a sharp increase in revenue generated.
Notably, Meteora, Jupiter and Uniswap saw huge revenues in 2025. Per data, the three platforms dominated other DeFi protocols’ fee revenue, with each generating well over $1 billion over the year.
DEX volume has also increased significantly over the past week.
Jupiter price prediction: Is $0.30 next?
$JUP’s price outlook is bullish amid the latest gain.
While the long-term trend highlights the plunge from above $1 in 2025, resilience in the past weeks has technical indicators pointing to a possible momentum shift.
The Moving Average Convergence Divergence (MACD) boasts a bullish crossover, while histogram bars have turned positive.
Also alluding to renewed buying strength is the Relative Strength Index (RSI), which hovers near 58 on the daily chart.
Except for a looming unlock of about 53 million $JUP tokens, the overall picture is primarily positive.
If transaction flows and user engagement hold firm, a breakout to $0.30 will highlight $0.60 as the next target.
However, this confluence of catalysts could be overridden by broader market headwinds. $JUP support lies in the $0.20-$0.18 area.
Jupiter price reached its all-time high of $2.04 in January last year.