Jupiter price rallies 13%: Can buyers keep control?

Jupiter price was trading at $0.3672 with an intraday gain of 13.1%. The trading volume has increased by roughly 54% in a day, which shows rising participation. Open Interest has climbed 4.4% to $151.8M in 8 hours, indicating that traders are opening fresh positions. The funding rate was negative earlier, but sellers were squeezed out and it has turned positive at 0.0024%, supporting the price move. Rising price, volume and open interest, along with positive funding, signal strong buyer control. Jupiter price has triggered a pullback on a daily timeframe which can attract buyers. If the daily candlestick closes over the recent swing high of $0.3750, a bullish rally can be observed.