Jupiter ($JUP) has doubled in value over the past few weeks, reaching $0.6134 after rebounding from its April low of $0.3064. With over $2.6 billion in total value locked and $2 billion+ in daily volume, the Solana-based DEX is positioning itself as a serious rival to Uniswap.
The price surge, powered by protocol updates and growing ecosystem demand, has reignited talk of $JUP potentially hitting $1 as its next key level.
Jupiter Grows Beyond Swaps: Lending and Cross-Wallet Tools Arrive
Jupiter is now building out its DeFi offering. Through its partnership with Fluid, the protocol is making a major entrance into the lending market to take on Kamino Finance.
To boost user experience, Jupiter also refreshed its native wallet UI, integrating multi-wallet asset views. A big upgrade came with the launch of Universal Send on mobile, enabling crypto transfers without needing a receiver’s wallet setup—a game-changer for new users.
These updates not only increase utility but also build investor trust in $JUP’s long-term value.
Jupiter’s Underdog Advantage: Strong Metrics, Low Market Cap
Despite its rise, Jupiter’s $1.8 billion market cap is still far below Uniswap’s, even though it boasts higher daily volume and comparable TVL.
This disconnect has prompted many traders to label $JUP undervalued. In the last 24 hours, trading volume jumped 144% to $490 million, while open interest followed with a 12% uptick—strong signals of renewed investor momentum.
$JUP Chart Points to $1: Will Resistance Break?
Technicals show $JUP has exited its prolonged downtrend and is building momentum for a potential run to $1. MACD has turned bullish, and recent price action confirms a breakout above the previous trendline resistance.
A close above $0.8387 could confirm the next leg up. If successful, bulls may aim for $1.005, $1.21, and even the previous high of $1.41.
However, if the $0.55–$0.60 zone fails to hold as support, a pullback to $0.50 or lower could delay the next rally.
