Coinbase Lists Plume and Jupiter: $PLUME Soars While $JUP Drops – What Happened?
Coinbase Listing Sparks Split Reaction: Why Jupiter Slides While Plume Surges Ahead of Trading Debut
As the global crypto market braces for a volatile weekend, traders were caught off guard by an unusual price reaction involving two newly listed assets on Coinbase. Plume (PLUME) rallied strongly in pre-listing anticipation, while Jupiter (JUP) suffered a noticeable pullback despite sharing the same debut announcement. This divergence prompted a wave of discussion across the community, raising the question: Why is one token surging while the other declines under identical news conditions?
Coinbase confirmed that spot trading for both PLUME and JUP will officially open on December 9, 2025, at or after 9 AM PT. The launch is conditional upon liquidity requirements, as is standard with new listings. Nevertheless, the announcement alone was enough to initiate strong price movements — but not in the same direction. One asset saw bullish acceleration; the other faced selling pressure and market correction.
To understand the dynamics behind this split, we break down the fundamentals, technical indicators, on-chain behavior, and price predictions for the coming days.
Coinbase Listing: Why This Matters
Being listed on Coinbase remains one of the most influential market catalysts for altcoins. Historically, assets entering major U.S. exchanges experience heightened volatility, increased trading volume, and short-term price speculation — a phenomenon often referred to as the "Coinbase Effect."
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However, not all listings produce the same reaction. Market sentiment, technical trends, liquidity depth, and community expectations play a major role in determining whether a token rallies or retraces. In this case, Jupiter and Plume moved in opposite directions, reflecting two very different market structures.
Jupiter Faces Downtrend Continuation Despite Listing Buzz
At the time of writing, Jupiter (JUP) trades around $0.2214, marking a decline of approximately 2 percent over the past 24 hours. The asset briefly climbed toward $0.231 but lost momentum, triggering renewed selling. Analysts attribute this downturn to several technical and behavioral factors rather than a lack of investor interest.
Technical Pressure Limits JUP Short-Term Upside
Market data from TradingView indicates that JUP remains locked inside a long-term downward channel, characterized by lower highs and lower lows. This structure typically signals bearish momentum dominance. The MACD value at 0.0022 further reinforces weak buying interest. Without strong bullish volume, upward attempts repeatedly face rejection.
The "Sell the News" Phenomenon Activated
The community reaction suggests profit-taking behavior ahead of the Coinbase listing. Many early investors appear to have secured gains prior to the launch, anticipating short-term volatility. The broader crypto market saw a minor pullback of roughly 2 percent, amplifying this effect. When general sentiment weakens, risk assets tend to react faster.
On-Chain Activity Declines, Reducing Support Strength
Jupiter also shows declining network utilization over recent months. Lower on-chain activity reflects reduced transactional demand, weakening long-term value support. Unless activity spikes following the listing, sustained bullish pressure may be difficult.
Critical JUP Price Levels to Watch
Support Zone: $0.20 – $0.22
Resistance Zone: $0.28 – $0.30
If Jupiter fails to break above the $0.28 threshold, its bearish trend may persist. A breakout above $0.30, followed by increased volume, would be a strong reversal indicator.
Plume Soars Nearly 9 Percent on Volume Explosion and Market Excitement
In contrast to Jupiter, Plume (PLUME) is currently experiencing bullish momentum. The coin rose close to 9 percent following Coinbase's listing confirmation, trading around $0.02202 at press time. This surge was driven primarily by a significant increase in trading volume, rising more than 73 percent to approximately $35.29 million within a short window.
The spike in liquidity indicates heightened speculation and investor interest. Analysts believe this reaction could be tied to Plume Network's broader narrative, ongoing development expectations, and recent community expansion.
Technical Indicators Show a Bullish Setup
TradingView analysis highlights a strengthening market structure for PLUME:
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Consistent formation of higher highs and higher lows
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Testing key resistance levels near $0.0223
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MACD at 0.00028 indicating a bullish crossover
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RSI at 66.09 reflecting strong momentum without entering overbought territory
This suggests PLUME may be preparing for a breakout continuation if resistance levels are cleared with strong volume.
Breakout Levels and Watch Zones for PLUME
Current Resistance: $0.0223 – $0.0230
Breakout Zone: $0.0230 – $0.0240
If price moves beyond $0.0240 with solid buying pressure, further upside could follow, potentially setting the stage for mid-term rally continuation.
Price Predictions: What Comes Next for Both Tokens?
While both tokens are entering a high-exposure environment, traders must consider liquidity shifts during and after listing. Historically, Coinbase launches often attract initial surges followed by cooldown phases unless strong fundamentals sustain demand.
Jupiter (JUP) Forecast
If buyers return during early trading hours, a rebound toward $0.25 is likely. A strong bullish breakout zone lies between $0.28 – $0.32. However, caution remains necessary; the trend shows weakness until volume increases. Reversal confirmation requires sustained demand above resistance.
Plume (PLUME) Forecast
Current market momentum supports continued upside potential. Analysts project a target range of $0.024 – $0.028 in the short term. A decisive break above $0.030 signifies long-term bullish structure with higher rally probability.
Market Summary and Strategic Outlook
The Coinbase listing marks a pivotal moment for both tokens, attracting fresh liquidity and global exposure. Yet, the contrasting price reactions serve as a reminder that crypto markets rarely behave uniformly. Sentiment, trend, and investor psychology shape outcomes more than headlines alone.
Jupiter faces short-term headwinds but could reclaim momentum if demand increases during trading launch. Plume currently holds stronger upward structure driven by volume and community enthusiasm, but traders should remain alert for profit-taking following rally spikes.
Investors should monitor support-resistance levels closely to guide position strategy. With volatility expected to rise during launch, risk management becomes crucial. Sudden price wicks are common during exchange integration phases.
As the market prepares for December 9 trading activation, all eyes remain on liquidity performance. A sustainable trend will depend on post-listing demand rather than initial hype.
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