- Jupiter (JUP) is currently trading above $0.60 and could target $1.00.
- While reaching $1.00 in May may be challenging for bulls, JUP has seen significant gains over the past month supporting bullish sentiment.
- Growth in decentralized finance (DeFi), particularly around the upcoming Jupiter Lend launch, could act as a catalyst.
Jupiter (JUP) rose more than 11% in the past 24 hours and about 21% over the last week, climbing to highs near $0.64.
The native token of the decentralized liquidity platform is among the top gainers within the top 100 by market capitalization, according to CoinMarketCap.
As Bitcoin reached a fresh all-time high, renewed interest in altcoins has spilled over into JUP, with gains mirroring those seen by Hyperliquid and other DeFi projects.
Could Jupiter Drive Solana’s DeFi Growth?
The latest momentum behind Jupiter, which strengthened last month, picked up meaningful support from the project’s recent announcement.
Following DeFi trends, Jupiter disclosed plans for a new lending product — Jupiter Lend — which is slated to be unveiled this summer.
According to details shared Thursday by Jupiter Exchange, JUP could soon play a larger role in Solana’s DeFi ecosystem.
This potential boost stems from the high-profile partnership between Jupiter and Fluid, a DeFi protocol designed to accelerate mainstream adoption.
If the summer launch proceeds, Jupiter Lend would become a major competitor to Kamino Finance, which currently leads Solana lending with roughly $2.6 billion in total value locked (TVL).
Lend represents Jupiter’s bid to enter that market with a platform built on Fluid’s dual-layer architecture.
A combined protocol and liquidity layer offers the prospect of instant liquidity, enabling users to borrow against their crypto holdings quickly.
Notably, Jupiter is also one of Solana’s largest DEX aggregators, currently holding about $2.67 billion in TVL.
Could this launch and other factors support higher prices for the JUP token?
Jupiter Price Forecast: Can JUP Reach $1.00 in May?
JUP is trading around $0.61, up from a low of $0.54 on May 22, 2025.
With just over a week before the start of May, bulls are hoping for a green close as Bitcoin draws renewed institutional attention.
After surpassing $0.60, JUP has moved more than 100% from its April 7 lows near $0.30.
The token also gained momentum following a token buyback program announced in February.
The recent rally has shifted sentiment back toward optimism for Jupiter’s native token.
The daily chart for JUP shows bullish technical signals, with the relative strength index and moving average convergence/divergence both indicating upward price action.
In this scenario, a breakout above $0.83 could propel bulls toward $1.00 or higher.
Conversely, a reversal that pushes JUP below $0.57 would likely prompt a revisit of support near $0.47.