Jupiter (JUP) What Does the Chart Say Friday?

Friday, February 04, 2022 11:46 AM | InvestorsObserver Analysts

Jupiter receives a strong short-term technical score of 99 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the coin by looking at the price movement to determine if it is trending in the right direction. JUP holds a better recent technical analysis than 99% of coins at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

InvestorsObserver is giving Jupiter a 99 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Jupiter!

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Trading Analysis

JUP is currently $0.017035 (184.75%) above its 30-day low of $0.009220554 and $0.000000 (0.00%) below its 30-day high of $0.02625524. Additionally, JUP is above its average price of $0.012349682 over the past month of trading with its current price of $0.026255236. Overall, the recent trading history of Jupiter suggest that traders are currently bullish on the coin. Jupiter's market cap of $22,646,587.34 is relatively average for a coin. The market valuation for Jupiter is relatively average due to the largest 100 cryptos having a market cap above $1 billion and JUP sits underneath that mark but remains above $100 million in market capilization. Meanwhile, JUP's average volume is average with $14,651,013.09 worth of the coin traded over an average 24 hour period. The volume for JUP is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. Over the last 24 hours, JUP's volume is below its usual with $2,284,555.37 exchanged. Jupiter's subclass Distributed Software Platform: A platform is a decentralized infrastructure designed for a purpose. These can take the form of exchanges for the trading of cryptocurrencies, decentralized data storage, artificial intelligence, virtual or augmented reality, distributed computing and big data collection, among other things.

Summary

Jupiter's price movement over the past month has led to a a strong short-term technical score due to recent trading giving more bullish signals for traders on the coin's short-term movement. Click Here to get the full Report on Jupiter (JUP).