$JUP /USDT Technical Analysis
Current Price: 0.9623 USDT
24h High: 0.9732 USDT
24h Low: 0.9368 USDT
Trend Analysis: The price is currently showing an upward momentum after testing its low of 0.9368. A break above 0.9732 could signal a continuation of the bullish trend.
Key Levels:
Support: 0.9368 USDT (24h Low)
Resistance: 0.9732 USDT (24h High)
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Target Levels šÆ:
1. Target 1: 0.9800 USDT (First target level) ā Expect resistance near this level. Price may experience a slight pullback.
2. Target 2: 1.0000 USDT (Psychological level) ā A breakout above this level could push the price towards a stronger bullish trend.
3. Target 3: 1.0200 USDT (Extended target) ā If momentum continues, this level could be a significant resistance.
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Trade Momentum:
Momentum: Positive (+0.98% in the last 24 hours) with a slight pullback in the 1-hour and 4-hour timeframes, showing short-term consolidation.
Market Sentiment: Generally bullish due to the higher highs observed in the past 24 hours.
Volume: 13.06M JUP in 24h, indicating healthy market participation.
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Trade Signal:
Entry Point: Consider entering at around 0.9600 - 0.9650 USDT with a close stop loss below 0.9368 USDT to minimize risk.
Exit Strategy: Exit or take partial profits near 0.9732 USDT (Target 1) and 1.0000 USDT (Target 2), with potential to hold until 1.0200 USDT (Target 3) if momentum continues.
Conclusion:
JUP/USDT is in a bullish momentum with healthy volume and short-term consolidation. Watch for a breakout above 0.9732 USDT to confirm the uptrend and target higher levels.
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