$JUP / USDT Short Trade Signal 🎉🎉🎉

Jupiter (JUP) token is currently trading at $0.557, with a 4% increase in the last 24 hours and an 8.6% surge in the past week. The token's market capitalization stands at $1.67 billion, with a 24-hour trading volume of $41.46 million ¹.

*Key Resistance and Support Levels:*

- *Resistance:* $0.64 (neckline of the double bottom pattern), $0.6553 (current resistance level)

- *Support:* $0.5939 (dynamic support), $0.573 (key support level)

*Market Analysis:*

- Jupiter has formed a double bottom pattern, indicating a potential bullish reversal.

- A breakout above the $0.64 neckline could target $1.25, representing over 100% potential upside.

- The Relative Strength Index (RSI) is trending upwards, suggesting growing buying interest.

- Moving averages are converging, indicating a potential significant move ² ³ ⁴.

*Short-Term Price Predictions:*

- A sustained break above $0.6553 could open the door to $0.6735 and $0.6926 targets.

- Failure to break above resistance may trigger a pullback to $0.6289 or $0.5939 ⁴.

*Recent Developments:*

- Jupiter Lend, a decentralized lending platform, is set to launch in 2025, offering up to 90% loan-to-value ratio and 0.1% fees.

- Jupiter has accumulated over $3.8 million in transaction fees, surpassing Uniswap, and recorded over $982,000 in daily revenue ⁵ ⁶.