$JUP #USconsumerconfidence

As of January 25, 2025, Jupiter (JUP) is trading at approximately $0.00077944 USD.

Recent technical analysis indicates that JUP has completed a breakout from a falling wedge pattern, a bullish signal suggesting potential upward momentum. Key resistance levels are identified at $1.25 and $1.50, with support around $1.00. If the bullish momentum continues, these resistance levels may be tested in the near term.

Additionally, the 50-day Simple Moving Average (SMA) is projected to reach $1.392278 by February 23, 2025, further indicating potential bullish momentum.

However, it's important to note that some technical indicators, such as the Stochastic RSI and MACD on the 5-minute chart, suggest potential short-term bearish momentum. If the price fails to hold above the middle Bollinger Band, it might test the lower band, indicating a possible short-term decline.

Given these mixed signals, traders should exercise caution and consider multiple time frames and indicators before making decisions. As always, it's advisable to conduct thorough research and consult with financial advisors when engaging in cryptocurrency trading.