$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 šŸŽÆ:

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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