Jupiter crypto surged +20% overnight, one of the biggest movers of this market reversal after Israel and Iran agreed to a ceasefire. SOL USD also rose by 8%, and is now trading at $145, marking a bullish return to the Solana ecosystem.
JUP completed a double bottom pattern on the daily chart, which coincided perfectly with the ceasefire in the Middle East. Both factors contributed to its impressive reversal over the past 24 hours.
🚨 DOUBLE BOTTOM ALERT on $JUP (Daily) 📈
Jupiter $JUP is showing signs of a major reversal with a textbook double bottom pattern forming on the daily chart.
Pattern breakout target: $0.96
Current price: $0.35
That’s a potential +174% move on $JUPThe double bottom is a… pic.twitter.com/4VXMit9lQ0
— Bitcoinsensus (@Bitcoinsensus) June 23, 2025
SOL USD to $200 and Jupiter Crypto to $1? Volume Is Returning To Solana
If SOL can maintain support at $143.5, a continuation toward the 152–154 resistance zone is a likely move in the very short term. If SOL USD can push through that resistance, a fairly clear run at $200 could be on the cards, a level that Solana hasn’t been above since early February 2025.
On the other hand, Jupiter crypto, one of the pillars of DeFi on Solana, has also undergone a heavy reversal, spiking 21% overnight and reclaiming $0.4 as a result. JUP acts as the governance token for the Jupiter protocol and completed a double bottom pattern on the 1d chart, marking a sharp reversal for the token.
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Jupiter’s main product is its DEX aggregator, which aggregates liquidity from multiple DEXs on Solana, finding the most efficient trading routes for users. The Jupiter crypto team have been aggressively buying back JUP tokens from the open market, with over $24 million purchased since February 2025.
There is no official confirmation as to what the Jupiter team plans to do with the bought-back JUP tokens, but many are speculating that an airdrop for Jupiter protocol users could be one option.
JUP is showing good strength and could see a push beyond $0.5 in the short term and a move toward its yearly high of $1.12 from January 2025.
With the SOL USD ecosystem picking up steam, it comes as no surprise that the newly launched Solana Layer-2 has surged over 30% in the past 6 hours as buyers have officially stepped in to offset the presale sellers.
Solaxy (SOLX) Spikes +40% As Solana’s First Ever Layer-2 Recovers From A Rocky Launch
Coming off the back of one of this year’s largest crypto presales, Solaxy (SOLX) had its TGE yesterday. Launching on Ethereum to begin with, it processed over $5m in trading volume less than 24 hours after going live.
As with any sizable presale, early investors began taking profit at launch, with SOLX dropping around 66% from its launch price of $0.0018 to $0.00064. However, with the hopeful news coming out of the Middle East and renewed sentiment across Solana and the wider crypto market, sellers are showing signs of exhaustion for Solaxy.
SOLX is now up around 40% from the bottom, as smart investors took advantage of typical presale sellers, causing a dip in price on such a hyped and innovative project.
Solaxy is Solana’s first L2 protocol and raised over $56 million during its multi-month presale, highlighting the project’s appetite. SOLX will power the entire Solaxy ecosystem, which includes not only an L2 chain but also a bridge, a DEX, and a token launchpad akin to Pump.fun.
With a full suite of products on the way for Solaxy, utilizing roll-up technology to ensure maximum uptime, incredibly low fees, and super-fast transaction speeds, SOLX is perfectly poised to be one of the biggest Solana plays as we head deeper into 2025.
Via the Solaxy launch schedule, there is an exchange listing, with the date as ‘coming soon’. Strong rumors are circulating that a major CEX will be listing SOLX at some point this week. The added visibility and volume of a top-tier CEX listing could propel Solaxy to the stratosphere.
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