Jupiter [JUP] experienced a 13% decline in the past 24 hours as the cryptocurrency market faced significant capital outflows. The altcoin's market capitalization now stands at approximately $635 million. This drop was influenced by both sentiment-driven factors and a decrease in on-chain activity, with momentum indicators suggesting bearish control. Jupiter's annualized fees, calculated on a 30-day average, decreased by 29% to $332 million, indicating reduced transaction activity on the platform. Additionally, daily active users fell by 19% to 37,800 over the past month, reflecting diminished engagement. Despite these challenges, JUP is trading near a support zone that previously triggered rallies, with spot market data showing net buying interest. However, momentum indicators like the Parabolic SAR and Money Flow Index remain bearish, suggesting continued downside pressure unless a strong support reaction occurs.