Jupiter Secures $35M Funding to Expand DeFi Infrastructure
- Strategic Investment: Jupiter secured a $35 million strategic investment from ParaFi Capital, settled entirely in JupUSD, aimed at supporting the development of its on-chain financial infrastructure while not disclosing additional financial terms, reflecting its commitment to expanding in the DeFi space.
- Polymarket Integration: Jupiter plans to integrate Polymarket onto Solana for the first time, allowing users to access prediction markets directly through Jupiter, thereby enriching its product offerings and enhancing user experience.
- Market Dominance: Jupiter dominates Solana's decentralized exchange routing, handling over 80% of organic DEX swap volume, with total value locked nearing $2.35 billion and annualized fees around $650 million, showcasing its strong market influence.
- Product Expansion: Over the past year, Jupiter has added perpetual trading, lending tools, and stablecoin products, and with increased activity across the Solana network, these expansions not only enhance the platform's competitiveness but also lay the groundwork for future growth.
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Technical Analysis for SOL
Technical Sentiment Analysis for Solana (SOL) As of , Solana (SOL) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SOL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, SOL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Solana (SOL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 15.911 | 41.706 | 67.261 | 93.056 | 118.611 | 144.406 | 169.961 |
| Fibonacci | 41.706 | 61.321 | 73.44 | 93.056 | 112.671 | 124.79 | 144.406 |
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