Buy Avrora Metaverse (AVR)

✨When Will The Bull Market Start❔

To answer this question we need to look at the chart. But just for a change let’s look at a $BTC monthly chart 😀

Can you see it? We are already in a bull market. And we are there for quite some time already.

Depending on a definition we can argue if it started in green area (Jan 2023) or in a yellow one (Mar 2024).

People who say that this week we are in bear market are just ridiculous 🤡

But it does not matter.

What matters is that participants who will actually make money in this bull market accumulated in green area (look at the volume ❕📊). And those same participants will now when to sell.

We don’t. We just guess. But it does not matter neither. We cannot buy bottom and hold long enough and know exactly how to sell at the top. But we can buy middle and sell higher, and make money too.

If black swan does not come, this bull market will keep going throughout entire 2025. And maybe even 2026.

Just look at the bigger picture, don’t stare at 5-min chart. It will help to cure FOMO, anxiety, overtrading, everything, all the curses of traders 😀.

Can it be that in q1 2024 it is the end of bull market. Yes there is always a chance of something like this. And it will mean that those who just joined are done. But IMHO continuation is much more likely.

And you may ask, how do we trade futures on a monthly chart.

The answer is simple.

Don’t trade futures 😂

Jupiter (JUP) price is down 10% in the last 24 hours, cooling off after a strong rally fueled by major developments. In recent weeks, JUP made headlines with key acquisitions, including Moonshot and SonarWatch, and surpassed Raydium in Total Value Locked (TVL).

Despite the ongoing correction, its EMA lines remain in a bullish setup, while smart money continues accumulating JUP at near-record levels. Whether JUP finds support or extends its decline below $1 will depend on how the market reacts to its latest price movements.

Jupiter (JUP) RSI Turns Neutral After Hitting Overbought Zone

Jupiter RSI hit 75.9 four days ago after its price surged following the announcement of its acquisitions of meme coins launchpad Moonshot and SonarWatch.

However, since then, RSI has declined to 51.44 as the price dropped sharply, now down roughly 10% in the last 24 hours. This suggests that the recent rally has lost strength, and selling pressure is increasing as traders take profits.

JUP RSI. Source: TradingView

RSI (Relative Strength Index) measures momentum, with values above 70 indicating overbought conditions and below 30 signaling oversold levels. JUP’s RSI is now at 51.44, which means it is no longer overbought but hasn’t reached oversold territory.

If RSI continues to drop, further downside could follow. However, if buyers step in and RSI stabilizes, JUP could find support and attempt a recovery.

Smart Money Currently Holds 48.5 Million JUP

The number of smart wallets holding JUP saw a sharp increase, rising from 22 on January 18 to 63 on January 23, before dropping to 44.

Meanwhile, the supply held by these wallets has continued to grow, moving from 38.7 million JUP to 46.2 million and now reaching 48.5 million, after touching 49.5 million four days ago. This suggests that while some large holders may have exited, the overall accumulation trend remains strong.

JUP Tokens Held by Smart Wallets. Source: Nansen

Tracking smart money is crucial because these large holders can significantly impact price movements. Although the total number of smart wallets has dropped from its peak on January 23, the JUP supply in these wallets is still high, currently very close to its all-time high.

This indicates that fewer but larger entities are accumulating JUP, which could signal strong conviction among key players. If this trend continues, it may provide price stability and even fuel a potential rebound. However, if accumulation slows or reverses, it could lead to increased selling pressure and heightened volatility.

JUP Price Prediction: Will JUP Fall Below $1 Soon?

Jupiter EMA lines remains bullish, with short-term moving averages still positioned above long-term ones. However, if the current correction continues, JUP could test the key support level at $0.98.

Losing this support could trigger further downside, with potential declines toward $0.83 or even $0.76.

JUP Price Analysis. Source: TradingView

Despite the ongoing correction, a trend reversal could see JUP attempting to break past resistance levels it failed to surpass in recent days.

The first key targets would be $1.22 and $1.27, which previously acted as strong resistance. If these are broken, JUP could test levels around $1.4 again, solidifying its position as one of the leading applications on Solana.