JUP/USDT Breakout Alert!! Bullish momentum for JUP movement.💎 Paradisers, #JUP is indeed a coin worth monitoring closely.
💎 JUP has successfully broken out of the ascending triangle pattern, signaling bullish momentum for continued upward movement.
💎 Currently, the price is consolidating around the support area, which previously served as resistance within the ascending triangle. If the price can bounce from this support, there's potential for further upward movement towards the resistance at 1.46 area.
💎 Breaking this resistance is crucial for JUP to sustain its upward trajectory and potentially reach our target strong resistance area.
💎 However, if JUP fails to bounce from the support and even breaks down below it, it could signal a fakeout in the pattern, which is a negative sign. In such a scenario, the price may retreat to test the demand area around $1.
💎 The demand area holds significant importance as it needs to sustain and initiate a bounce to reclaim the price above the support for the continuation of the upward movement. If JUP fails to achieve this and breaks below the demand area and the support trendline, it would confirm bullish invalidation and potentially lead to further downward movement.
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