Jupiter’s JUP token is currently testing a demand zone at $0.29 after reaching a high of $0.388 earlier in October. Jupiter’s YOLO trading product, launched in beta on October 15th on Solana, has recorded over $1 billion in trading volume and offers up to 1,000x leverage on SOL, BTC and ETH. JUP’s price has declined 21.8% since that October high. Broader market weakness due to Bitcoin’s retracement towards $80,000 suggests JUP could fall further next week, with a drop below $0.275 potentially offering a selling opportunity.
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