Guy's Will #JUP sustain its bullish momentum❓ After recent price action, is #jupiter still positioned for a strong rally❓$JUP /USDT AT SUPPORT – WILL IT BOUNCE OR BREAK FURTHER❓$JUP /USDT has been on a sharp decline, now trading at $0.9003 after hitting a low of $0.8974. The price is testing a key support zone, and traders are watching closely for a potential rebound or further breakdown.
💰Price: $0.9003
⬆️24h Low: $0.8974 | 24h High: $0.9608
🔑Key Levels to Watch:
⬆️Support: $0.8950 → Holding above this level is crucial to avoid further downside.
⬆️Resistance: $0.9200 → A breakout could signal recovery.
⬆️Trade Setup:
⬆️Long Entry: Above $0.9050
🎯Targets: $0.9300 | $0.9500 | $0.9700
⬆️Stop Loss: $0.8900
⬆️Short Entry: Below $0.8950
🎯Targets: $0.8800 | $0.8600 | $0.8400
⬆️Stop Loss: $0.9100
📊Market Insights:
MACD is showing bearish momentum, but a bounce is possible at current levels.
Volume is increasing, indicating strong market activity.
A break below $0.8950 could trigger further selling pressure.
Will JUP recover from this dip, or is more downside ahead? Keep an eye on these levels