Jupiter price is trending as the price broke out from a major bullish chart pattern. Normally, the breakout is aggressive, but due to prevailing market conditions, the JUP price lags. Nevertheless, the asset may rally as the Co-Founder of Jupiter published out a proposal to burn 30% of JUP supply from team supply. JUP price increased by 0.2% in the last 24 hours and this development sets it up for further gains.