Changelly: The platform predicts that Jupiter (JUP) could reach $1.14 to $1.36 by 2025. By the end of 2030, the price of Jupiter (JUP) could reach $7.61 to $8.73. #BinanceTraderSmarter
1. Price and Trend • Current Price: $127.66 • Daily Drop: -7.41% • Recent High: $295.83 • Overall Trend: Bearish in the short term following a sharp drop from $295.83. Currently, the price is bouncing off the EMA (99), which may act as key support.
The RSI(6) is in the oversold zone (<30), indicating that the asset may be close to a technical rebound in the short term. However, RSI(12) and RSI(24) do not yet confirm a strong reversal.
The MACD is in the negative zone and has a bearish slope, confirming selling pressure. There are no bullish crossover signals yet, suggesting that the bearish momentum could continue.
Volume has increased during the drop, indicating strong selling activity. However, an increase in volume at a key support level could mean accumulation by buyers.
3. Key Levels • Resistance: $144.74 (last lost support, now resistance) • Immediate Support: $127.66 (bouncing zone in EMA) • Strong Support: $90.34 (psychological zone and previous low)
4. Possible Scenarios 1. Technical Rebound: Given that the RSI is oversold, the price might attempt a rebound towards $144.74. 2. Bearish Break: If it loses the current support, it could head towards the $90.34 zone. 3. Consolidation: If buying volume increases, we could see stabilization between $127 and $144 before making a trend decision.
Conclusion • Short Term: Bearish trend with possible rebound due to oversold conditions. • Medium Term: Needs to recover $144.74 to consider a bullish reversal.
$JUP drops under 0.65 now it's very possible that it'll drop to or touch 0.6. If you bought already wait a little more and see if it drops more to buy again.