Jupiter (JUP)

Amid increased price volatility, the JUP price continues displaying a mixed price action. Despite recording a correction of ~9% over the past week, the Jupiter token has jumped 14.26% during the past month.

The Simple Moving Average (SMA) is on the verge of experiencing a bullish convergence in the Jupiter price chart. Moreover, the MACD indicator records a constant decline in the red histogram with its averages showing a potential bullish crossover. This indicates a positive outlook for the altcoin in the coming time.

Suppose, a bullish reversal occurs, in that case, the JUP price will break its resistance level of $0.8445 and head toward its upper resistance level of $1.160. Conversely, if the bears regain momentum, the Jupiter price could retest its support level of $0.540. $JUP