Jupiter ($JUP )

Poised for Breakout Amid Anticipated Altcoin Surge

Jupiter (JUP) is trading between $1.02 and $1.23, consolidating near its 10-day and 100-day simple moving averages at $1.05 and $1.09. The Relative Strength Index (RSI) at 58.27 indicates bullish momentum, edging toward overbought conditions. A move above the nearest resistance at $1.34 could propel JUP toward the next target at $1.56, offering potential gains of up to 30% from current levels. The Stochastic oscillator at 81.19 supports this optimistic outlook. Despite a 6.30% drop over the past week, JUP has climbed 4.49% in the last month, showing resilience. If the support at $0.91 holds, JUP may be gearing up for significant growth in the impending altcoin season.

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