$JUV showcased a sharp acceleration fueled by a strong defense at $0.71. Buyers stepped in with conviction, triggering a breakout candle sequence to the $0.785 region. The aggressive nature of this move indicates buyers were overpowering sellers rapidly, trapping late shorts and forcing exits.
Currently consolidating around $0.76, price is forming an acceptance zone. The consolidation is relatively orderly — smaller candles, controlled wicks — characteristic of buyers maintaining control but not pressing aggressively. The 7-MA and 25-MA slope upward, supporting the underlying bullish structure.
Resistance stands at $0.785, and above that lies $0.80 psychological resistance. A failure to maintain closes above $0.75 would be the first warning sign that momentum is fading. A deeper break of $0.74 would weaken the bullish narrative and open a path to revisit lower support.
Bias: Bullish above $0.75
Caution level: Below $0.74 weakens structure.
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