Jupiter surges past $2B TVL: Is this the catalyst for JUP’s next rally?

JUP, Solana’s leading DEX aggregator, has reached a remarkable milestone, with its TVL surpassing $2 billion.

, Solana’s leading DEX aggregator, has reached a remarkable milestone, with its TVL surpassing $2 billion. The protocol’s total transaction volume has also exceeded $374 billion, showcasing its growing importance in decentralized finance.

The Bollinger Bands indicate rising volatility, with JUP’s price piercing the upper band, a sign of strong buying activity. Moreover, the MACD indicator reinforces the bullish case, as the momentum line has crossed above the signal line. Therefore, JUP appears primed for further upside, with the next significant resistance at $1.7856.Jupiter’s rising price is not the only indicator of its recent success. Its social dominance doubled from 0.166% to 0.329% within a day, underlining a sharp increase in online discussions and community engagement.

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