๐๐๐ฝ๐ถ๐๐ฒ๐ฟ ๐๐จ๐ฃ ๐๐ฟ๐ฒ๐ฎ๐ธ๐ผ๐๐ ๐๐น๐ฒ๐ฟ๐: ๐ก๐ฒ๐ ๐ ๐ง๐ฎ๐ฟ๐ด๐ฒ๐ $๐ฌ.๐ณ๐ฑ?
Jupiter (JUP) is showing strong signs of a bullish breakout:
โ๏ธ Price jumped 13.85% in 24 hours
โ๏ธ Trading volume surged 92.78% to $170M
โ๏ธ Broke out from key resistance last seen in March
โ Cup-and-Handle Pattern Confirmed
JUPโs chart shows a classic cup-and-handle โ a bullish setup that started in early March.
โ๏ธ The breakout above $0.60โ$0.62 confirms a trend reversal
โ๏ธ Strong volume backs the breakout, making it more reliable
โ๏ธ Target based on this pattern: $0.75
๐ Open Interest Points to Growing Confidence
โ๏ธ OI jumped 19.24% to $148.48M
โ๏ธ Shows traders are opening more long positions after the breakout
โ๏ธ On May 23:
โ Inflows: $16.64M
โ Outflows: $15.90M
โ Net positive = steady accumulation
No signs of panic or mass selling โ buyers seem committed.
๐ฅ Short Liquidations Are Fueling the Rally
โ๏ธ Binance led trading volume: $2.18M
โ๏ธ Most shorts were liquidated near $0.63 โ the breakout zone
โ๏ธ Squeezed short sellers helped push price higher
โ๏ธ With fewer short walls left, bulls have room to run
๐ Can JUP Hit $0.75 Soon?
All signs point to bullish continuation:
โ Breakout confirmed
โ Volume and OI rising
โ Shorts wiped out
โ Inflows > outflows
As long as JUP stays above support, $0.75 looks very possible in the short term.
Whatโs your take? Is Jupiter just getting started?