Jupiter Drops 53.73% in Six Months
Jupiter ($JUP ) has experienced a one-month drop of 18.01% and a six-month decline of 53.73%. Despite this, a one-week gain of
12.07% hints at short-term movement amid longer-term pressure. The price action over the recent month was marked by a steady
descent, with the half-year view underlining a significant weakening in value. The past figures indicate that the coin experienced a brief rally before facing sustained losses, highlighting a period of volatility and bearish influence.
Currently, JUP is trading between $0.34 and $0.57, with the first resistance at $0.69 and a higher barrier at $0.92. Support emerges at $0.21, with a secondary level at $0.00.
Technical readings, including an RSI near 50, reveal a market lacking a clear trend.
Bears hold sway for now, as reflected in the negative summary and moving average recommendations. Traders might target support at $0.21 for a bounce before considering a push higher, while breaks above $0.69 could trigger bullish activity. A cautious approach is advised, monitoring these key levels for decisive movements.