- Jupiter’s acquisition of Moonshot expands memecoin purchasing options.
- The JUP token has jumped 10% following the acquisition.
Jupiter [JUP], the Solana [SOL]-based decentralized exchange (DEX), has acquired a majority stake in Moonshot, an app designed to streamline memecoin purchases through Apple Pay.
This acquisition marks a bold step toward enhancing its user offerings and expanding its presence in the memecoin space.
A strategic move for Jupiter?
Moonshot is an app that has gained considerable traction among memecoin enthusiasts by offering a seamless way to buy tokens with Apple Pay.
By integrating Moonshot’s functionality, Jupiter will expand its ecosystem to cater to a broader demographic, including casual investors who prefer the simplicity of using traditional payment for crypto purchases.
In addition to Moonshot, Jupiter Exchange also announced its partnership with SonarWatch, a tool that will allow users to monitor their digital asset holdings in real-time.
This adds a valuable layer of transparency and ease of use for users, making it easier to track and manage multiple cryptocurrencies.
Is a 43% rally on the cards?
The announcement of these strategic acquisitions has had an immediate impact on Jupiter’s token, JUP, which has experienced a noticeable uptick, rising by more than 10% in the last 24 hours.
The token was trading at around $0.94 at press time, showing a clear upward momentum. The bullish trend was marked by a price breakout above the resistance level of $0.90, followed by a surge towards the $1.00 mark.
Source: TradingView
AMBCrypto’s analysis revealed that if the price breaks above the $1.00 resistance, the next target could be the $1.35 level.
On the other hand, if the price fails to hold its momentum, we might see a correction back towards the $0.75 support zone.
Positive momentum for Jupiter?
The Adaptive Volatility-Controlled LSMA (Least Squares Moving Average) indicated an uptrend at press time, as its green band showed a favorable shift in the price direction.
This was confirmed by the rising values on the Stochastic Oscillator, which was in the overbought region, suggesting that Jupiter could continue to experience upward price pressure in the short term.
Source: TradingView
The Awesome Oscillator (AO) provides further confirmation, with a green bar showing a growing bullish momentum.
Read Jupiter’s [JUP] Price Prediction 2025–2026
Strong buying pressure on JUP?
The order book chart showed a significant increase in buy orders, signaling strong buying pressure. The volume of trades has been rising steadily, and the price action was mirroring this increased market participation.
Source: MobChart
The order imbalance data also highlighted notable shifts in market sentiment, with increased demand at current levels. If the buying pressure continues, Jupiter could see further price appreciation in the short term.
