2026-01-19 08:21:24

JUP faces adjustment pressure, with a 24-hour decline of 1.01%, and the market performance is underwhelming. Several recent factors have suppressed the coin's price: first, community rumors suggest the team may suspend the over $70 million buyback plan, raising concerns about dilution risk; second, JUP encountered Fibonacci resistance at $0.227, with multiple rebounds being suppressed at this level; third, profit-taking pressure after the launch of JupUSD is still being released.

From a technical perspective, $0.216 constitutes recent support, which is a key position for short-term bulls to defend. If this support is broken, further downside may occur. Conversely, if the resistance at $0.227 can be reclaimed, there is potential for an upward move. Investors at this stage should closely monitor the latest developments of the buyback plan and on-chain fund flows, as these two factors could be critical triggers for a price rebound.

JUP-8,58%

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BlockchainDecoder

· 1h ago

From a technical perspective, there is a point in this analysis that is worth discussing. The levels at 0.216 and 0.227 are indeed based on the Fibonacci sequence, but the issue is— the validity of support and resistance levels often depends on volume confirmation, and relying solely on price positions can easily lead to hindsight bias. Research shows that the impact of news such as the suspension of buyback programs is often overestimated by the market. It is recommended to take a closer look at on-chain data; the true buying and selling activity of large holders is the key to judging the bottom, rather than getting caught up in technical positions. In summary, this correction is very likely just a shakeout, and the key is to wait for the official buyback announcement.

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RunWhenCut

· 1h ago

The rumors about the buyback plan being paused depend on confirmation; otherwise, it's just empty talk to scare people. If 0.216 really breaks, then we'll see. It's still early.

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WalletDetective

· 1h ago

The rumor about the buyback plan is a bit far-fetched, it doesn't seem like something the official would do. If 0.216 really can't hold, where is the next support?

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RektButAlive

· 1h ago

Is the pause in buybacks really that critical? I believe JUP's fundamentals are still intact. Although there's significant short-term technical pressure, as long as 0.216 doesn't break, it can still hold. It mainly depends on how the team responds to this rumor.

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DaoTherapy

· 1h ago

The core issue is the rumors of the buyback plan being paused; technical support levels are just superficial, and the true direction depends on the team's actual actions.

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