Jupiter token has experienced continuous price fluctuations recently, and interesting signals have emerged on the technical side. From the indicator perspective, the MACD is forming a bullish crossover, with the MACD line breaking above the signal line, which typically suggests a potential shift in short-term momentum. Additionally, the previous lows are beginning to show initial signs of bullish momentum.

On the ecosystem level, there are quite a few highlights. The integration progress of JupUSD has frequently been discussed within the community, coupled with potential new product development plans, all of which are expected to enhance the token's utility within the Solana ecosystem. More notably, Grayscale has included JUP in the evaluation scope of 27 potential investment products for cryptocurrencies, indicating increasing institutional interest.

However, bearish pressure cannot be ignored. Currently, the 7-period EMA is below the 25-period EMA, which is in turn below the 99-period EMA, maintaining a stable bearish alignment across multiple timeframes. The Jupiter team has proposed temporarily suspending JUP buybacks and redirecting funds into growth plans. While this decision is optimistic about the long-term outlook, it may dampen short-term price sentiment. More critically, despite recent shifts in overall capital flow, large transactions still show net outflows, with some major holders signaling a reduction in their holdings.

From the community perspective, members are looking forward to the follow-up developments of the "CatLumpurr" event and paying close attention to buyback and burn announcements. Even more anticipated is the Jupuary airdrop scheduled for January 31, 2026, which is expected to distribute 700 million JUP tokens. Under this expectation-driven momentum, many community members suggest holding JUP as a long-term investment, believing that the current correction period is actually an opportunity to accumulate.