Since its debut on major exchanges on January 31, 2024, Jupiter (JUPUSDT) has been a token on the move. The Solana-based decentralized exchange aggregator has experienced a rollercoaster ride, with both impressive gains and notable pullbacks.
However, recent price action suggests JUP may be poised for another upswing. After finding support at $0.86 in a recent...
JUP is showing us a possible retrace till $0.90, a strong support area where we could expect a bounce till the resistance level at $1.22. To perform a bounce, i would like to see a rejection at the support zone and a reversal pattern
JUP seems to have entered a new level of break, and there is a good chance this coin can keep the increase. we will follow new trends for confirmations.
4h time frame
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JUP has dipped over 50% since hitting $1.8, accompanying with silent alts on Solana. From TA, JUP makes a healthy retracemetn that could be seen as a correction wave of Elliott impulse wave, which means there is a further pump while JUP continues to match the Elliott wave trend. Moreover, once alts season starts, JUP could gain huge profit from...
If the Head and Shoulders pattern is completed on the #JUPUSDT chart (and the falling trading volumes from left to right hint at this), then the target for developing this pattern will be in the range of $0.87 - 0.92 per LSE:JUP
And it can be even safer and more profitable for your deposit if you leave pending limit orders to buy the #Jupiter token at...
Jupiter coin is looking really strong. It's definitely a good coin to hold in the bag. I expect a continuation of the pump, considering it's moving on support and it's not following the BTC weakness. My first target is the resistance zone at $2.3
The bullish flag breakout for JUP/USDT has been confirmed. Currently, the price is retesting the breakout zone. If the retest is successful, I am expecting a good 20-30% bullish move in the short term.
Please note that this is not financial advice. Do your own research (DYOR) before making any investment decisions.
4h time frame
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JUP is creating a continuation structure since correcting from 1.61. There are two potential structures that JUP would make, first one is triangle, which entry is 1.17, second one is a falling wedge, which entry is 0.9. Therefore, we need to put SL below 0.9 to avoid being liquidated once JUP goes the wedge pattern.
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TP: 2 / 2.7
SL: 0.77
#JUP
The price is moving in a descending triangle and sticking to its boundaries well
We have respect for the lower border of the channel at 0.4600
We have an uptrend on the RSI that the price is following well
Entry price is 0.5126
The first target is 0.5260
The second target is 0.5429
The third goal is 0.5624
We have a bullish iCH and iBOS on the chart, which has created a bullish view on the chart.
If to demand
If a pullback occurs, it is an opportunity to enter a buy/long position.
Closing a 4-hour candle below the invalidation level will invalidate the analysis
Note that the financial market is risky, so:
Do not enter any position without confirmation and...
JUPUSDT showing a new increase in volume that could enter a new increase in the coming time frames. exactly this trend point can become interesting.
We will follow up in the coming time frames to see if its able to confirm.
💎 JUP has recently exhibited significant market dynamics, breaking out of a descending channel. Currently, the price is in the retesting phase at the support trendline.
💎 If this retest is successful, JUP is likely to bounce and continue its upward movement towards the target area.
💎 However, if JUP closes a candle below the support trendline, it could indicate...
📉Hi Traders, Investors and Speculators of Charts📈
Because Jupiter is newly released, we're currently seeing that first hard initial dump. This is mostly airdrop holders dumping and traders shorting on the way down. And unfortunately in the short term timeframe, there isn't sufficient buying pressure showing up to outweigh the enormous selling pressure:
Being...
Jupiter is in an accumulation phase with support and resistance being established neatly for the most part inside the falling wedge pattern shown. Previous selloffs below support have proven to be transitory events, with bulls showing resilience by reestablishing support above 0.0108 each time.
Look for breakout confirmation at 4-hour close with a bullish...
