- Jupiter’s acquisition of Moonshot expands Memecoin purchasing options.
- The JUP token increased by 10% after 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 improving its user offering and expanding its presence in the memecoin space.
A strategic move for Jupiter?
Moonshot is an app that has gained significant traction among memecoin enthusiasts by offering a seamless way to purchase tokens using 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 Allows 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 increase of over 10% in the last 24 hours.
The token was trading around $0.94 at press time and showing clear upward momentum. The bullish trend was characterized by a price break above the $0.90 resistance level, followed by a rise towards $1.00.
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 does not maintain its momentum, we might see a correction back to the $0.75 support zone.
Positive momentum for Jupiter?
The adaptive volatility-driven LSMA (least squares moving average) indicated an uptrend on press, as the green band showed a favorable shift in price direction.
This was confirmed by the rising values on the stochastic oscillator, which was in the overboughed region, suggesting that Jupiter could continue to experience upward price pressure in the short term.
Source: TradingView
The great oscillator (AO) provides further confirmation, with a green bar showing growing bullish momentum.
Read Jupiter’s [JUP] Price forecast 2025–2026
Strong buying pressure on JUP?
The order book chart showed a significant increase in buy orders, indicating strong buying pressure. The volume of trades has been steadily increasing and the price action has reflected 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 near term.
