๐ JUP Technical Analysis โ Is Jupiter Ready to Launch Again?
๐น Coin: JUP (Jupiter Exchange)
๐ธ Sector: Solana-based DEX aggregator
๐น Current Price: $0.47
๐ 24h Change: +3.1%
๐ Technical Overview:
Support Zone: $0.42 โ held multiple times during last pullbacks
Resistance Level: $0.51 โ a key level that was rejected 3 times
RSI: At 58 โ approaching overbought, but still has room to climb
Volume Spike: +22% today โ showing renewed buying interest
๐ก Why JUP Looks Interesting Now:
โ Itโs one of the top DEXs on Solana by volume
โ JUP DAO governance is gaining traction
โ Strong developer activity + new incentive campaigns
โ ๏ธ Risks:
Failure to break $0.51 could lead to a pullback toward $0.42
Still heavily tied to SOLโs price movement
๐ Short-Term Outlook:
If JUP breaks above $0.51 with strong volume, it could target $0.58โ$0.61 in the short term. Watch for a clean daily candle close above resistance.
โAre you trading JUP? Bullish or still waiting for confirmation?
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