JUP rallies into $0.24 after a breakout | Credit: Hameem Sarwar
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Key Takeaways
JUP’s price broke out of a month-long downtrend, jumping 19% and reclaiming $0.20.
Bullish momentum is backed by Coinbase Solana routing and reduced airdrop pressure.
Jupiter’s price could extend toward $0.35, with a breakdown risking a pullback to prior support.
On Jan. 28, 2026, Jupiter (JUP) broke out of its month-long descending channel.
The move triggered a swift rally, with the Jupiter token surging 19% over the last 24 hours.
Following the move, the altcoin’s market value hit an intraday high near $0.206.
The breakout did not come out of nowhere. Instead, it followed a string of ecosystem catalysts. As a result, JUP’s price could extend the current rally into next month.
JUP Price Breaks Out
At the time of writing, the Jupiter token is showing early signs of a trend shift. This was after it broke out of a descending channel, as seen on the 4-hour chart.
From the chart below, JUP’s price rebounded from the $0.19 demand zone and reclaimed the former supply area near $0.20, which now acts as short-term support.
Momentum indicators confirm the move. For example, the Moving Average Convergence Divergence (MACD) has flipped bullish with expanding green histogram bars, signaling strengthening upside momentum, while the Chaikin Money Flow (CMF) has turned positive near 0.02.
More importantly, CMF formed a bullish divergence ahead of the breakout, as selling pressure weakened even while price printed lower lows, hinting at stealth accumulation.
This shift in capital flow helped fuel the uptrend once resistance gave way. As long as the Jupiter token price holds above $0.20, upside continuation toward $0.25 remains in play.
Jupiter Sees Fundamental Backing
However, JUP has picked up a fresh narrative.
Over the past few days, its Real-World Assets (RWA) push has started to gain traction. It also tends to support stickier volume than short-lived meme rotations. C
Consequently, stronger usage can translate into higher fee throughput and a firmer bid for the token when sentiment turns risk-on.
At the same time, Jupiter’s Coinbase connection is widening its distribution. On Jan. 26, Coinbase completed Solana integration and routed swaps through Jupiter liquidity.
That effectively places Jupiter closer to mainstream retail flow. If swap activity scales, Jupiter’s routing volume can rise quickly. As volume rises, fee capture improves. Then the market usually reprices the token around stronger fundamentals, not just hype.
Then the RWA angle reinforced the story.
On Jan. 22, Jupiter and Ondo Finance expanded tokenized equities on Solana. The rollout added 200+ tokenized U.S. stocks and ETFs. This is important for price because it broadens Jupiter’s total addressable market beyond crypto-native pairs.
If those markets gain adoption, the Jupiter token can see more consistent demand across cycles. That can lift revenue expectations and support a higher valuation for JUP’s price.
Jupuary Has Its Role
Meanwhile, “Jupuary” is nearing its finale. The final snapshot is set for Jan. 30. This time, the distribution is smaller. The allocation drops to 200 million JUP from prior levels.
As a result, traders see less risk of an immediate airdrop dump. Yet the program still rewards active users.
Yet, it appears that buyers have decided to absorb the supply. Volume also jumped, signaling strong participation.
Therefore, the rally appears driven by fresh demand and will likely persist in the short term.
JUP Price Prediction: Bullish
Looking ahead, the Jupiter token has broken above its descending channel on the daily chart. The breakout signals trend exhaustion on the downside.
Next, price reclaimed the 20-day EMA ($0.21). That level now acts as short-term support. By the look of things, JUP’s price will likely hold above the key support line
At the same time, price is pressing into $0.24 zone. This area aligns with the 0.236 Fibonacci level. It also overlaps with prior resistance.
Above that, the next upside targets sit at $0.279 (0.382 Fib) and $0.312 (0.5 Fib). These levels mark the first zones where profit-taking could intensify.
Momentum supports the move. The Bull Bear Power (BBP) histogram has flipped positive. That suggests buyers are regaining control after weeks of seller dominance.
Importantly, the breakout did not happen due to weak participation. If this setup remains the same, JUP’s price will likely breach the $0.28 resistance.
If successful, this could drive JUP’s price to $0.35.
Still, risk remains. If the Jupiter token fails to hold the $0.20 area, the breakout weakens. In that case, price could retest the former trendline as support.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
