#JUP
Market Structure Overview
The price has recently rebounded from a low of $0.3018 after a prolonged downtrend from a high of $1.4400.
There are several consecutive green candles, indicating a possible trend reversal or relief rally.
The current price is approaching a previous minor resistance zone around $0.7457.
Volume & Momentum
Volume spiked significantly at the bottom, suggesting a capitulation event and potential accumulation phase.
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Insights for the Next 3 Days
Bullish Scenario
If the current momentum continues, JUP/USDT may attempt to test the $0.6335–$0.7457 resistance zone.
Sustained closes above $0.6335 could attract more buyers, with the next target at $0.7457.
Bearish Scenario
The RSI nearing overbought and declining volume could lead to a short-term pullback.
Watch for support at $0.5534; a break below this could see a retest of lower levels, possibly toward $0.50 or lower.
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For the next 3 days, monitor for:
Continuation of higher lows (bullish confirmation)
Failure to break above $0.6335 with increasing selling pressure (potential short-term reversal)
Trading Insight
Short-term traders should watch for a potential breakout above $0.6335, but be cautious of overbought conditions and declining volume.
If price fails to hold above $0.5534, expect increased selling and possible short-term correction.
