Jupiter (JUP) price forecast as TVL rises to $2.94B and Metis V8 launch
- Jupiter price traded between $0.19 and $0.21, up 8% in the past 24 hours.
- TVL rose to $2.94 billion, and Jupiter launched Metis V8 to reduce execution drift.
- The technical picture included a daily RSI at 52 and an upsloping.
Jupiter (JUP) rose more than 8% in the past 24 hours, with prices respecting a rising trendline support.
The jump in the JUP token’s value has coincided with the protocol’s total value locked (TVL) climbing to $2.94 billion amid the launch of Metis V8, an update to a routing engine with over $2 trillion in lifetime volume.
As the DEX aggregator’s native token rises, the key question is whether the technical picture gives the bulls an edge.
Jupiter price surges as TVL jumps to $2.94 billion
JUP was trading within an intraday range between $0.19 and $0.21, with prices up more than 8% and daily volume up roughly 37% to over $26 million. The Jupiter market capitalization expanded to $700 million.
Elsewhere, the protocol’s TVL increased to $2.94 billion, marking a notable jump from $2.30 billion on May 1, 2026.
The significant rise reflects renewed capital inflows and increasing usage.
In crypto, total value locked acts as an important metric that measures assets committed to a protocol, indicating liquidity depth, user trust, and the ecosystem’s capacity to support large trades without severe slippage.
Leading tokens contributing to Jupiter’s TVL are SOL, USDE, USDG, and WBTC, highlighting both native Solana liquidity and bridged/pegged assets that underpin cross-asset routing activity.
Jupiter eyes further DeFi traction with Metis V8
As a leading DEX aggregator on Solana, Jupiter has maintained prominence by optimizing routing and reducing execution friction for traders.
The project witnessed negative sentiment that cooled interest earlier in May, aligning with broader market turmoil.
However, the protocol has attracted fresh flows and could reinforce a bullish picture via its product enhancements.
On Wednesday, Jupiter announced the launch of Metis V8, the latest iteration of its DeFi routing engine designed to tighten execution quality.
Metis V8 focuses on reducing Quotation Execution drift using slippage penalties and implements just-in-time (JIT) on-chain finalization to improve execution certainty.
The update also targets sub-2 slot latency and introduces a rapid quotation mode.
Jupiter says the update aims at minimizing adverse price movement between quote and execution.
These technical improvements should strengthen Jupiter’s value proposition for high-frequency routing and larger order flows, potentially translating to sustained TVL and fee generation.
JUP price forecast
The JUP token has bounced strongly from the $0.19 area as bulls attempt to extend a recovery that followed a swift reversal from highs near $0.27 down to $0.18 between May 10 and May 17, 2026.
Gains mean buyers could look to test a key supply zone once more, with this corresponding to local highs recorded in late December 2025 and again this May.
Jupiter price chart by TradingView
On the technical front, momentum indicators show mixed signals.
The daily RSI sits around 52 and is upsloping, suggesting mild bullish momentum and room for further gains.
However, the Supertrend indicator currently issues a sell signal, reflecting potential downside risk following the surge from lows of $0.15 in April.
Until price decisively breaks higher, the near-term resistance levels to monitor would be $0.23 and $0.27.
A more significant barrier would be at $0.30 and $0.45. On the flipside, key support levels could be at $0.17 and the $0.14-$0.13 area.
The post Jupiter (JUP) price forecast as TVL rises to $2.94B and Metis V8 launch appeared first on CoinJournal.
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