$JUP

To analyze the possibility of a breakout of $JUP (Jupiter) after a bullish phase from 0.68, we will look at some technical and fundamental factors that can support this assertion.

1. Technical Analysis

a. Price Trend

The price of $JUP has increased from 0.68, indicating strong interest from the market. However, after a bullish phase, the market will usually have 2 scenarios: continuation of the upward momentum (breakout) or correction (pullback).

• Resistance: To determine the possibility of a breakout, it is necessary to check which resistance level $JUP is facing. The nearest strong resistance level will likely be a point where the price will have difficulty breaking through, or if it does, the possibility of a breakout is very high.

• Price pattern: If $JUP is forming accumulation patterns such as an ascending triangle or a rising flag, this is a pretty good signal for a breakout. In particular, if the trading volume increases at points near the top of the pattern, this is a very positive sign.

b. Trading volume (Volume)

Trading volume is a very important factor in determining whether the price increase is strong enough to lead to a breakout. If the volume increases during the price increase and continues to increase near the resistance level, there is a high possibility that $JUP will break through this resistance level. Conversely, if the volume is decreasing, this may indicate that the market is weakening and a correction may occur.

c. Technical Indicators:

Look at the reaction around $0.82-$0.85 and LONG#Write2Win #BTC☀