Jupiter jumps 15% ahead of 200mln airdrop – But THIS could stall JUP’s rally

Jupiter’s native token, JUP, drew heightened consideration on the twenty eighth of January as its airdrop approached.

The main target centered on distribution mechanics slightly than value beneficial properties alone.

Jupiter [JUP] confirmed plans to distribute 200 million JUP tokens on the thirtieth of January. Of that complete, 175 million tokens focused fee-paying energetic customers, whereas 25 million have been allotted to stakers.

That replace coincided with a pointy rise in market participation. Value beneficial properties aligned with rising exercise throughout spot and derivatives markets.

At press time, JUP traded at $0.2217, up roughly 15% over 24 hours. Spot Quantity climbed 210% to $63.64 million, reflecting elevated dealer engagement.

Nonetheless, one other catalyst formed sentiment. Coinbase completed its Solana [SOL] chain integration throughout the identical interval.

That transfer enabled customers to commerce Solana-based tokens immediately on Coinbase via Jupiter’s aggregation layer. The combination expanded Jupiter’s attain past native Solana customers.

Can JUP clear resistance?

On the each day chart, JUP shaped a double-bottom construction close to the $0.20 area. Value moved towards the neckline close to $0.233 after the current rally.

A decisive break above that degree may have opened room towards $0.32. That concentrate on implied roughly 35% upside from present ranges.

Nonetheless, earlier makes an attempt close to $0.233 triggered reversals. The bullish setup required a sustained shut above that resistance.

JUP additionally traded above the 50-day Exponential Transferring Common, signaling short-term development power.

Supply: TradingView

Leverage clusters form threat

Knowledge from CoinGlass confirmed concentrated leverage on either side of JUP’s vary.

Based on the newest information, merchants have been closely overleveraged at $0.201 on the draw back, the place robust curiosity is recorded, and at $0.234 on the upside, the place comparatively decrease curiosity is noticed.

At these ranges, merchants had constructed roughly $2.22 million value of long-leveraged positions and $1.13 million value of short-leveraged positions.

Supply: CoinGlass

This positioning means that intraday and short-term market sentiment stays bullish.

Throughout 2025, JUP dropped over 75%, falling from $0.943 to close $0.215. That historical past stored long-term sentiment cautious.

Reacting to the current breakout try, a market commentator wrote,

“JUP is formally out of the cage.”

The comment captured enhancing momentum however stopped wanting confirming a development reversal.

Ultimate Ideas

• Jupiter [JUP] faces resistance close to $0.233, whereas liquidation publicity round $0.201 may amplify volatility shortly.
• A 200 million token airdrop and Coinbase’s Solana integration boosted Spot Quantity and short-term speculative demand.