Jupiter cracks 10% lower: Will 2 signals help JUP flip the trend?

Key Points

1. JUP's price dropped 10% due to spot outflows, but technical indicators like the 20-day Moving Average and MFI above 50 hint at a possible rebound.

2. Derivative markets show mixed signals: Open Interest dropped 14.84%, but positive Funding Rates (0.0027%) indicate lingering bullish sentiment.

3. Spot market investors sold $1.18 million worth of JUP in 48 hours, adding downward pressure despite bullish derivative signals.

4. If Funding Rates turn negative, sentiment could flip, potentially worsening JUP's short-term price outlook.