Wooden Week Token (JUP) surged 17.13% to $0.172, reaching a two-week high of $0.176 and breaking through key short-term moving averages. This rally was driven by an increase of 200 active addresses in daily users, a net inflow of $19.6 million in the futures market, and a 22% rise in open interest to $44.07 million. However, the long-short ratio on major exchanges remains below 1, and spot net inflows surged 145% to $677,000, indicating profit-taking is occurring and there is a risk of a pullback to $0.14.
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Wooden Week Token (JUP) surged 17.13% to $0.172, reaching a two-week high of $0.176 and breaking through key short-term moving averages. This rally was driven by an increase of 200 active addresses in daily users, a net inflow of $19.6 million in the futures market, and a 22% rise in open interest to $44.07 million. However, the long-short ratio on major exchanges remains below 1, and spot net inflows surged 145% to $677,000, indicating profit-taking is occurring and there is a risk of a pullback to $0.14.