JUP Shows Bearish Momentum on 1-Hour Chart: Key Levels to Watch for Traders 📉

Are you keeping an eye on #Jupiter ($JUP ) and its recent price movements? Our latest analysis dives deep into the hourly chart, revealing key insights that could shape your trading strategy.

🔍 Key Highlights:

- Bearish Momentum: The 9 and 20 EMAs indicate a short-term downtrend, with sellers currently in control.

- MACD Signals: Consistently negative histogram readings suggest limited buying interest.

- RSI Insights: With an RSI of 45.5, the market is indecisive but leaning bearish.

📊 Resistance & Support Levels:

- Resistance: Watch for a break above $0.8619 for potential bullish opportunities.

- Support: A drop below $0.851 could signal further declines.
#JUP