𝗝𝘂𝗽𝗶𝘁𝗲𝗿 𝗝𝗨𝗣 𝗕𝗿𝗲𝗮𝗸𝗼𝘂𝘁 𝗔𝗹𝗲𝗿𝘁: 𝗡𝗲𝘅𝘁 𝗧𝗮𝗿𝗴𝗲𝘁 $𝟬.𝟳𝟱?
Jupiter (JUP) is showing strong signs of a bullish breakout:
✔️ Price jumped 13.85% in 24 hours
✔️ Trading volume surged 92.78% to $170M
✔️ Broke out from key resistance last seen in March
☕ Cup-and-Handle Pattern Confirmed
JUP’s chart shows a classic cup-and-handle — a bullish setup that started in early March.
✔️ The breakout above $0.60–$0.62 confirms a trend reversal
✔️ Strong volume backs the breakout, making it more reliable
✔️ Target based on this pattern: $0.75
📈 Open Interest Points to Growing Confidence
✔️ OI jumped 19.24% to $148.48M
✔️ Shows traders are opening more long positions after the breakout
✔️ On May 23:
— Inflows: $16.64M
— Outflows: $15.90M
— Net positive = steady accumulation
No signs of panic or mass selling — buyers seem committed.
🔥 Short Liquidations Are Fueling the Rally
✔️ Binance led trading volume: $2.18M
✔️ Most shorts were liquidated near $0.63 — the breakout zone
✔️ Squeezed short sellers helped push price higher
✔️ With fewer short walls left, bulls have room to run
🚀 Can JUP Hit $0.75 Soon?
All signs point to bullish continuation:
— Breakout confirmed
— Volume and OI rising
— Shorts wiped out
— Inflows > outflows
As long as JUP stays above support, $0.75 looks very possible in the short term.
What’s your take? Is Jupiter just getting started?
#JUP