The price of Jupiter (JUP) has decreased by 10% in the past 24 hours following a strong rally influenced by significant developments. JUP recently acquired Moonshot and SonarWatch and surpassed Raydium in Total Value Locked (TVL). Despite the correction, smart money continues to accumulate JUP at near-record levels. The Relative Strength Index (RSI) for JUP has dropped from 75.9 to 51.44, indicating a loss of strength in the recent rally and increasing selling pressure. The number of smart wallets holding JUP has increased, suggesting a strong accumulation trend. However, if accumulation slows or reverses, it could lead to increased selling pressure and volatility. The EMA lines for JUP remain bullish, but if the correction continues, JUP could test the key support level at $0.98. Reversing the trend could see JUP attempting to break past resistance levels and potentially reaching $1.4, solidifying its position on Solana.



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