$JUP Charging Ahead: Can It Reclaim $1.20? 🔥
JUP is making a comeback with a 6.55% increase, now trading at $1.1375. Here’s what traders need to know:
Key Technicals:
1. Moving Averages:
• 7-hour MA: $1.1348 – providing immediate support.
• 25-hour MA: $1.0973 – a strong sign of recovery after the dip.
• 99-hour MA: $1.1349 – currently acting as minor resistance.
2. Volume Surge:
• Increased buying pressure near the 24-hour low of $1.0305, signaling renewed interest and momentum.
3. Critical Levels:
• Resistance: The 24-hour high of $1.1470, followed by the $1.2067 peak.
• Support: Watch $1.1348 (7-hour MA) and $1.0973 (25-hour MA) as key downside zones.
Trend Insights:
• JUP is in a short-term uptrend, with momentum indicators pointing towards an attempt to test $1.20.
• Closing above the 99-hour MA would solidify bullish momentum and potentially target the $1.20 zone.
Trading Strategy:
• Buyers: Consider entering above $1.15 with a target of $1.20 and a stop-loss at $1.12.
• Sellers: Look for rejection at $1.15-$1.20 zones for short opportunities, targeting $1.10.
JUP is showing promising signs—stay alert for the breakout! 📊
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