Jupiter JUP drops 10% after Universal Deposit launch
Jupiter (JUP)
Editor:
Eugene Serbin
tradersunion.com reports that Jupiter (JUP) slid 10.01% following a sharp downside gap after the open, despite confirmed platform upgrades and Solana network enhancements. The move reflects continued downward pressure overwhelming near-term support, even as bullish trends remain visible in technical signals. Jupiter released the Universal Deposit feature, allowing users to deposit tokens from Ethereum, Base, Arbitrum, and Sui to receive USDC directly in their Solana wallets via automated cross-chain routing.
This development follows Solana's activation of Transaction V1 on September 9, 2026, which increased maximum transaction size to benefit high-throughput protocols like Jupiter. Daily JUP trading volumes were significantly above the 30-day average following these infrastructure updates, though price action remained under selling pressure. JUP/USD trades above its 20-day ($0.2248), 50-day ($0.1999), and 200-day ($0.1892) moving averages, confirming bullish alignment across all time frames.
Immediate support is found at the 20-day average of $0.2248, with resistance at the session low of $0.2282. The Relative Strength Index (RSI) stands at 58.61, issuing a Buy signal, while MACD and ADX point to further upside momentum. Despite the 10.01% drop of $0.0253, Bull/Bear Power remains positive, highlighting intraday dominance by buyers. Sustained movement above $0.2282 is identified as the key level for potential upside continuation.
How the market reacted
Whalio's own Binance spot order flow for JUP, measured when this story was written up on 10 September 2026. Not the outlet's figures.
Jupiter is currently trading at $0.2333 on Binance spot, with a 1-hour buy ratio of 49.0% and a 4-hour buy ratio of 52.1%. These short-term readings show a slight imbalance compared to the 24-hour buy ratio of 48.3%, indicating that buying pressure is fading relative to the broader daily trend. The 1-hour volume delta is negative at -$3,112, while the 4-hour delta is positive at +$24,810, suggesting mixed immediate sentiment against a larger 24-hour net outflow of -$268,207. A negative volume delta means that sell volume has exceeded buy volume over that period, pushing prices down. Over the last 24 hours, net buying occurred for only 11 hours out of 24, with a total spot volume of $8,090,700 across 101,554 trades. The cumulative volume delta (CVD) at the 24-hour close stands at -$430,952, confirming that sellers have dominated the flow over the full day.
The latest daily buy ratio of 47.7% sits at the 39th percentile of the last 322 days, against a median of 48.7% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for JUP, averaged over the days leading up to the story.
Over the preceding week, the 7-day average buy ratio was 50.9%, compared to the latest day's 48.3%, showing a 2.6 point decrease in buying dominance. Volume on this day was 1.19x the average, indicating higher-than-normal activity, while net buying occurred on 5 of the 7 days. The price changed +4.2% over the 8-day period, with a total volume delta of +$1,013,049 for the week. This current day is unusual due to the elevated volume relative to the average, despite the lower buy ratio compared to the weekly norm. The weekly positive volume delta contrasts with today's negative 24-hour delta, highlighting a shift from net buying to net selling in the most recent session.