$JUV building momentum after a sharp breakout
$JUV just delivered a strong impulsive move, pushing price from the compression zone near $0.62 straight into the $0.78 area. This kind of expansion usually signals fresh demand entering the market, not just a random spike. After the pump, price is now consolidating above previous resistance, which is a healthy sign rather than weakness.
Support & Resistance
Key Support: $0.72 – $0.70
This zone was previous resistance and now acting as demand. As long as price holds above it, structure remains bullish.
Immediate Resistance: $0.82 – $0.85
This is the supply zone where sellers may try to slow the move.
Major Resistance: $0.88
The recent high and the main breakout test area.
What’s happening now Price is digesting gains after a vertical move. Short pullbacks are normal here. If buyers defend the $0.72–$0.75 area, continuation is likely. Losing $0.70 would weaken momentum and shift bias to consolidation.
Next Target Prediction
Target 1: $0.85
Target 2: $0.88
Extended Target: $0.95
Overall bias stays bullish while above $0.70. This looks like a post-breakout pause, not distribution. If volume steps in again, $0.88 is the next level the market will test.
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