Jupiter (JUP) Price Prediction: Will This Token Fly or Flop? Experts Weigh In!

• An analyst mentioned that JUP can break out of the falling wedge, and retest $0.75
• 54% of eligible wallets have not claimed the airdrops, suggesting a possible slide. 
• If buyers accumulate more JUP, the price could head to a new high.

Jupiter (JUP), the native token of the Solana-based Jupiter exchange, has fallen by 64.12% since it launched on January 31. At press time, JUP’s price was $0.58, CoinMarketCap showed. On the day Jupiter exchange launched the token, the price was as high as $0.75.

However, because some users of the Solana blockchain got airdrops, the cryptocurrency has been experiencing selling pressure. Despite the plunge, some market participants believe that JUP has good long-term potential.

JUP Can Break Out, Analyst Says

Furthermore, some experts have also considered analyzing the prospects of the token. One of those experts is Jacob Crypto Bury. Crypto Bury talked about JUP on his YouTube page in a session dated February 1.

According to him, the JUP launch could propel Solana’s Total Value Locked (TVL) to new heights in the coming months. In terms of the price action, Crypto Bury said that JUP looked like a token that would per…

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