Solana’s decentralized Jupiter I launched the Pro platformWhich sparked curiosity about its effect on the price of the distinctive domestic symbol.
JUP, which is currently traded at $ 0.3796, is uniformly uniformous, with Bulls Holding at the support area of $ 0.3811.
It is worth noting that the new Jupiter platform reaches the volume of trading in Dex’s ethereum, indicating strong growth of the ecosystem.
Investors are now wondering whether this upgrade can push JuP to the main resistance or whether monotheism will continue.
The newly launched juiter Pro platform
The newly launched Jupiter Pro platform, which has been operated by Jupiter Pro, offers tools designed to enhance trading efficiency and attract users.
The new platform is characterized by a quick purchase feature that provides immediate deals with a default amount, which simplifies the process of retail investors.
It also features MEV protection, ensuring the most fair trading by protecting users from rearranging harmful transactions.
In addition, gas fees are reduced by 10x, making frequent deals more affordable compared to ETHEREUM platforms.
Moreover, the designated code designed for the platform provides advanced analyzes of Solana currencies, and traders can switch between Sol and USDC as a virtual currency, adding flexibility.
The platform also offers new momentum measures such as Net Buy Volume and Net Bearers that offer visions in market directions.
According to lovers, these promotions can push a higher commercial activity, which may enhance the demand for Job.
In addition, the role of Jupiter as a liquidity collects its attractiveness.
By pulling liquidity from 29 protocols, including Orca and Raydium, it ensures superior pricing.
This collection is the main contribution to 24 -hour trading volume and is $ 2.509 billion, causing ETHEREUM to exceed $ 1.895 billion.
The highest historical folders are associated with the estimate of the distinctive code, as shown in January 2024 when JUP amounted to $ 1.39 billion per day.
Continuous growth can pressure at the resistance level $ 0.4102.
Impact on the price of a planet’s symbol
Despite these developments, the JUP price movement is still cautious as it is combined near $ 0.3811, with low fluctuation to accumulation.
Technical analysis reveals a support zone at $ 0.3504 -0.3811 dollars and resistance level at $ 0.4102.
The collapse can cause over $ 0.4102 and confirm the size. On the contrary, a decrease less than 0.3595 dollars risk testing low support, which complicates the upscale status.
The RSI is currently on the daily chart at 40.65, higher than the sale area, indicating that the distinctive symbol can be in contrast to the rise.
Also, the MACD is rapprochement is in -0.05157567, indicating the fading momentum.
It is worth noting that these techniques are in line with a market waiting for a catalyst, which may be provided by the professional platform.
In the end, the effect of Jupiter depends on the user’s dependence and the market response.
If the Pro Platform is directing volume screws, the bulls may target $ 0.4290, and save immediate resistance at 0.4102 dollars breaks.
But if the platform fails to choose, JUP may struggle to maintain the upscale momentum and may see a decline in support at $ 0.3595 or less.
