JUP Technical Analysis – Daily Timeframe
Currently, JUP is in a corrective phase. To confirm a trend reversal, the price needs to break above the key resistance at $0.60 with strong momentum.
🔸 There is a possibility of a move toward this level and even a false breakout, but for a safer entry, a valid breakout with strong volume is preferred.
If the price fails to break this resistance, a pullback toward lower support levels may occur:
The first support lies around $0.47 on the 4-hour timeframe.
In a more bearish scenario, the price might drop to the daily support at $0.40, which is roughly 25% below the current level.
🔄 However, a bullish reaction from these support zones could potentially reignite the upward trend.
📝 This analysis will be updated as the chart develops. Stay tuned.