$JUP 🚀 BOOOOOOOOOOOOMMM 🚀
📊 Technical & Chart Overview
**Overall Technical Rating:**
Oscillators lean Buy, while Moving Averages are Strong Sell—technical sentiment is mixed, suggesting potential for reversal .
Key Pattern: Descending Wedge
A classic descending wedge pattern has formed since early 2025. Price is now pressing against resistance, with 4-hour momentum building .
**Support & Resistance Levels:**
Support Zone: $0.40–$0.42 — recent base of bounce and wedge bottom .
Resistance Levels:
TP1: $0.49–$0.50 — wedge breakout target and 0.618 Fib resistance .
TP2: ~$0.60–$0.67 — near 100-day MA and harmonic pattern zone .
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🎯 Short-Term Strategy: "Wedge Reversal Play"
Entry Zone: $0.41–$0.43 — near wedge bottom and consolidation zone
Stop-Loss: Below $0.40 — invalidates the wedge structure
Targets:
1. TP1: $0.49–$0.50 — immediate resistance / wedge target
2. TP2: $0.60–$0.67 — harmonic reversal / MA confluence
Trade Plan:
1. Accumulate within entry zone.
2. Add on a chart breakout above $0.49 with a healthy volume pickup (~>$8M/day).
3. If momentum sustains, scale toward TP2 and trail stops beneath new higher lows.
✅ Bottom Line
JUP is showing a textbook descending wedge reversal near support. A breakout above $0.49–$0.50, backed by volume, could propel it toward $0.60+, while the $0.41–$0.43 zone remains a low-risk entry point.
📌 Entry: $0.41–$0.43
🛑 Stop: < $0.40
🎯 Targets: $0.49 → $0.60–$0.67
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🛑 Disclaimer
Educational content only—not financial advice. JUP is volatile and carries risk. Always DYOR, use stop-losses, and trade responsibly.