Jupiter (JUP) is an interesting topic today in crypto after a big jump in price. The JUP price is up nearly 17% and trading around $0.6089. On top of that, its trading volume has more than doubled, up 123%, which shows there’s growing interest in the market right now.
A lot of this momentum seems to be tied to fresh updates shared by MetaverseSG on X (formerly Twitter). Their post pointed out that over one million wallets have now been used on Jup Lend. That’s not all, 22.7% of the circulating JUP supply is currently staked. This not only takes tokens out of circulation but also gives stakers access to the HUMA presale, which adds more incentive to hold onto JUP longer.
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There’s also a $20 million buyback program going on, which tends to boost demand by reducing available supply on the market. And from an investor confidence angle, JUP just got added to Grayscale’s watchlist, while Binance removed its “seed tag” a label typically used for higher-risk tokens. According to MetaverseSG, the Jupiter DAO is also teasing a major milestone announcement, which could be another reason traders are jumping in.
$JUP setup update
— MetaverseSG (@MetaverseSG) May 26, 2025
• Jup Lend surpassed 1M wallets
• $JUP staking now unlocks $HUMA presale access
• 22.7% of $JUP the circulating supply staked
• $20M buyback underway
• Grayscale added to watchlist, Binance removed seed tag
• DAO teasing a major milestone within hours… https://t.co/JcPELXrg68 pic.twitter.com/NNO1yYi3rq
What you'll learn 👉
Jupiter Breakout Structure Confirmed on Long-Term Chart
On the technical side, JUP price has completed a breakout from a prolonged accumulation phase. The daily chart shows a horizontal consolidation range between $0.47 and $0.56, where price held for several weeks. The breakout above this zone has cleared key resistance and opened the door to higher price targets.
The structure also features a rounded bottom, often associated with reversal formations. A long descending arc that previously defined the macro downtrend appears to be breaking down. Market structure has shifted to higher highs and higher lows, confirming the transition into an uptrend.
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JUP Resistance Breakout Sparks Bullish Setup
A separate analysis from WorldOfCharts shared on X suggests that Jupiter price has broken through a major resistance level around $0.715. The post describes the move as a breakout with expectations for the price to move toward the $1.00 level if the breakout holds.
The daily chart shows strong bullish candles with consistent upward momentum. The next resistance area appears around $0.85, just before the psychological barrier of $1.00. Support zones are now established at $0.715 and lower, around $0.64–$0.66, providing possible entry points in case of a short-term retracement.
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Institutional Signals and DAO Activity Fuel Market Response
Traders are monitoring upcoming activity from the DAO, which is expected to announce a milestone shortly. Institutional signals, such as the Grayscale watchlist inclusion, also contribute to the narrative that Jupitert (JUP) may be gaining traction beyond retail markets.
With strong trading volume, bullish technical patterns, and active community updates, Jupiter is entering June with increased visibility. Whether it can sustain momentum toward the $1.00 target will depend on continued support from both technical indicators and ecosystem developments.
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