- Jupiter’s acquisition of Moonshot expands Memecoin’s purchase options.
- The JUP token jumped 10% after the acquisition.
Solana (Sol)-based decentralized exchange Jupiter (Jup) (DEX) has acquired a majority stake in Moonshot, an app designed to streamline Memecoin purchases through Apple Pay.
This acquisition marks a bold step towards improving its user offerings and expanding its presence in the Memecoin space.
A strategic decision for Jupiter?
Moonshot is an app that has gained considerable traction among Memecoin enthusiasts by providing a seamless way to purchase tokens with Apple Pay.
By integrating Moonshot 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 assets 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 had an immediate impact on Jupiter’s token, Jup, which saw a notable rise, increasing by over 10% in the last 24 hours.
The token was trading at around $0.94 at press time, showing clear upward momentum. The uptrend was marked by a price break above the $0.90 resistance level, followed by an increase towards the $1.00 mark.
Source: TradingView
Ambcrypto 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 could see a correction towards the $0.75 support zone.
Positive momentum for Jupiter?
The adaptive volatility controlled LSMA (least squares average) indicated an uptrend at press time as its green band showed a favorable change in price direction.
This was confirmed by rising values on the Stochastic oscillator, which was in the excessive region, suggesting that Jupiter may continue to experience upward price pressure in the near term.
Source: TradingView
The Awesome Oscillator (AO) provides further confirmation, with a green bar showing increasing bullish momentum.
Read Jupiter (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. Trade volume increased steadily and price action reflected this increased market participation.
Source: mobchart
Order imbalance data also highlighted notable changes in market sentiment, with demand increasing at current levels. If buying pressure continues, Jupiter could see further price appreciation in the near term.
