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 a...