Jupiter (JUP), the governance token for the leading Solana-based decentralized exchange aggregator, has dropped to below $0.15 as it continues its downward spiral.
As the broader cryptocurrency market heaves under fresh pressure, JUP slid 5% to revisit recent lows reached on February 5, 2026.
JUP traded to these levels last week, and the retreat seen in the past 24 hours, coming amid a technical breakdown, could erode confidence in short-term recovery.
JUP price: no respite for bulls yet
Jupiter’s price has plummeted over 26% in the past week, declining sharply from above $0.21 on February 2, 2026.
The dip to under $0.15 mirrored the altcoin crash alongside Bitcoin on February 5, which pulled BTC to $60k and JUP to under the mentioned threshold for the first time since sliding to the all-time low of $0.13 on October 11, 2025.
While prices are up 12% from this bottom, the decline to under $0.15 portends fresh vulnerability as cryptocurrencies face selling pressure amid macroeconomic and geopolitical headwinds.
Notably, a staggering unwinding of leveraged positions across the sector has affected JUP’s open interest, as it fell from $130 million in October to $37 million, hinting at a dip in short-term optimism.
Jupiter price forecast: technical indicators signal weakness
In the past week, JUP price touched the $0.145 support and marked a surge to intraday highs of $0.17.
However, bulls failed to master an inspired uptick, and buying interest has since faded.
Amid thinning order books, bears are back in control, and a 1.2% spike in daily volume suggests buyers are still indecisive.
The technical picture reinforces the bearish setup, with the token now residing below all major moving averages, including the 50-day and 200-day simple moving averages (SMAs).
Oscillators such as the Relative Strength Index (RSI) at 34 and sloping indicate potential for fresh losses before an oversold bounce.
Prices also fell after a breakdown of a parallel channel on the daily chart.
Momentum, as hinted by the Moving Average Convergence Divergence (MACD), is in favour of bears.
After a bearish crossover, the histogram displays a deepening negative divergence.
Jupiter’s volume-weighted moving averages and the Hull Moving Average currently scream an outright “sell” signal, and a decisive breakdown below $0.145 could accelerate losses.
If this happens, primary support lies around $0.13, but deeper corrections could put bulls at risk of facing a new all-time low under $0.10.
On the upside, a recovery trend in risk assets and crypto in particular could bring $0.32 back as a strong support level.
If bullish engulfing patterns materialize amid Jupiter’s DEX aggregator upside momentum, $0.68-$0.71 will mark a key supply zone as bulls target $1.
The JUP token reached its all-time peak above $2.00 in January 2024.
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