Jup 0.35c

$JUP

🚨 JUP/USDT ON THE DECLINE! SUPPORT BEING TESTED – RECOVERY OR MORE LOSS? 🚨

📅 Date: Monday, March 10, 2025
📉 Current price: $0.4904 (-8.04%)
📊 Low in the last 24h: $0.4816
📈 High in the last 24h: $0.5345

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📉 4H Chart Analysis – Downtrend Continues

JUP continues in a strong downtrend, with the price testing a critical support at $0.4800. The asset has been experiencing liquidation since the high of $0.8662, and indicators show that there is still a risk of further declines.

🔴 Technical indicators:
• RSI at 29 → Oversold, possibility of reaction.
• Williams %R at -89 → Extreme selling pressure, but with possible exhaustion.
• Negative MACD → No clear reversal signals at the moment.

📌 H4 Conclusion: If $0.4800 holds, we may see a bounce up to $0.5050. If this support is lost, the decline may extend to $0.4600.

⏳ 15-Minute Chart Analysis – Short-Term Reaction?

JUP is trying to stabilize near $0.4900, but still without significant buying volume. The RSI is at a low level, indicating potential bounce, but without confirmation.

📍 Key levels:
✅ Support: $0.4800 and $0.4600 – If lost, it may fall even further.
🚨 Resistances: $0.5050 and $0.5190 – Needs to break to show recovery.

📢 M15 Conclusion: If volume increases, we may see a slight recovery up to $0.5050. Otherwise, the risk of decline to $0.4600 increases.

🎯 Strategy for Traders

📌 For those looking to buy (Long)

✅ Ideal entry: Above $0.4900, with volume confirmation.
🎯 Targets: $0.5050 and $0.5190.
🛑 Stop Loss: Below $0.4800.

For those looking to sell (Short)

✅ Ideal entry: If it loses $0.4800 with strength.
🎯 Targets: $0.4600 and $0.4500.
🛑 Stop Loss: Above $0.4950.

Will JUP Hold or Fall Further?

📉 JUP is at the limit of an important support! If it manages to hold $0.4800, it may look for a bounce up to $0.5050. But if it loses this level, the decline may deepen to $0.4600 or even $0.4500.