🚀 JUP broke resistance and is exploding!
What's happening?
✅ New high: 0.9998 (almost hit 1.00!)
✅ Current price: 0.9893 (+16.51%)
✅ High volume, candle showing buying strength
✅ EMA 7 (0.9790), EMA 25 (0.9695) and EMA 99 (0.9630) well below the price → strongly bullish trend
✅ MACD and Stochastic pointing higher
✅ OBV exploding → strong buying pressure
What to watch now?
• If it breaks 1.00 strongly, it could seek new resistance at 1.05 - 1.10. • If it loses strength and rejects 1.00, it may correct to 0.97 - 0.96 before attempting a new high.
It looks like a “short squeeze”, where selling pressure is forced to buy back, pushing the price even higher. If you are going to trade, watch out for the breakout of 1.00!
