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$JUP Price Analysis: Will it Bounce Back or Continue its Downtrend?
Despite earlier bullish expectations,
$JUP has failed to break the crucial $1.00 mark and is currently slipping lower. The price briefly peaked at $0.9394, up by +9.81%, but has seen a slight pullback. The question now is whether JUP will find support and stage a rebound or continue its downward slide.
Key Price Levels to Monitor:
Resistance Zone: $0.9394 – A breakout above this level could push JUP towards $0.9600 and $0.9850.
Support Zone: $0.9010 – This level is crucial to maintaining the bullish momentum. If it breaks, we might see a retest of $0.8800.
Trade Setup:
Entry Point: $0.9215
Target Levels: $0.9394 | $0.9600 | $0.9850
Stop Loss: $0.9010
Market Sentiment:
The MACD is currently in bullish territory, signaling continued upward momentum, and the Parabolic SAR remains beneath the price action, confirming the uptrend. Volume has surged, indicating strong interest, but traders should remain cautious in case resistance at $0.9394 proves too strong.
A clear breakout above $0.9394 could trigger a fresh rally, while a failure to hold above $0.9010 could result in a short-term retracement. Keep an eye on these levels for the next potential move in
$JUP !
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