$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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