🔻 $JUP Drops 6.4% — But Is the Pullback Just a Retest Before Liftoff?
After peaking at $0.6881, #Jupiter ($JUP) has pulled back to $0.5646, slipping -6.4% in the last 24 hours. While it’s a sharp correction, the chart still shows signs of strength.
📊 Key Observations:
• Price is holding right above the 7-day MA ($0.5611) — a short-term dynamic support
• Still comfortably above the 25-day MA ($0.5228) and 99-day MA ($0.4879), keeping the overall trend bullish
• Volume is cooling slightly, but not collapsing — showing healthy consolidation, not panic
📈 If JUP $BTC holds this level and breaks back above $0.60 with momentum, the bulls could aim for a retest of $0.68 and beyond.
🧠 However, if it loses the 25-day MA, we may see a slide toward the $0.48–$0.50 zone.
Still a strong uptrend structure — this dip may just be a setup for the next leg up.
