📈 Prediction (JUP and FET):

🚀 #JUP/USDT - Jupiter launched its native token #JUP back in late January. However, the real breakthrough happened just last month. The altcoin surged from $0.47 to $1.80 at the time of writing this article, showing an almost 19% increase in the last 24 hours. Moreover, the coin surpassed cryptocurrencies like Synthetix (SNX) and dYdX (DYDX) in market capitalization. Now, Jupiter stands as the fourth-largest DEX token with a market cap of $2.4 billion. If the growth continues, the next target for JUP could be ThorChain (RUNE). Forecast: Currently, the price of Jupiter is close to surpassing the $1.80 mark. A successful breakthrough of this barrier could propel it to $2.00, marking a new all-time high and signaling another 12% rally for JUP. Supporting this scenario is the Moving Average Convergence Divergence (MACD) indicator, which also shows bullish sentiment, recently forming a bullish divergence, indicating a potential continuation of the upward momentum. However, long contracts are being liquidated as much as short ones, if not more. This is a sign that high volatility is costly and may cause bulls to retreat for a while. In this case, the price of JUP could drop to $1.40, nullifying bullish forecasts.

📉 #FET/USDT - When over 95% of the supply is profitable, an asset forms a market top, indicating a potential reversal or correction. At the moment, the indicator stands at 93%, suggesting that #FET might expect further decline. Forecast: The price of Fetch.ai dropped below the crucial support level at $2.9 after losing the 50-day Exponential Moving Average (EMA). The most likely outcome for FET could be a drop to $2.4, considering that this level has previously been tested multiple times as support. However, if bulls manage to muster enough strength to buy the dip and confirm the 50-day EMA as support, the altcoin could rise to $3 and aim for a new all-time high.

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