$JUP

/USDT: Analyzing Potential for Rebound from Support📈📊

Current Price: $1.0091

24h Change: -3.72%

24h Range: $1.0056 - $1.0984

24h Volume: 21.97M JUP / 23.10M USDT

Technical Snapshot 📊

1. Trend:

Bearish with a -3.72% drop over the last 24 hours, indicating recent selling pressure.

The price is testing support near $1.0091, with $1.0056 as a key support level.

2. Key Support:

$1.0056 (recent low)

$1.00 (psychological support level)

3. Key Resistance:

$1.0700 (immediate resistance)

$1.0900 (next resistance level)

4. Indicators:

RSI: 43 (Neutral, potentially signaling oversold conditions)

MACD: Bearish, indicating the continuation of the downward momentum.

Volume: Moderate, suggesting consolidation or a potential breakout.

Trade Strategy 🎯

Entry Zone: $1.01 - $1.03 (Look for signs of stabilization and potential reversal near support)

Stop-Loss: $1.00 (Manage risk)

Target Levels 🚀

1. 🎯 Target 1: $1.0700 – Immediate resistance

2. 🎯 Target 2: $1.0900 – Next resistance level

3. 🎯 Target 3: $1.1000 – Extended bullish target

💡 Trade Tip:

Consider waiting for confirmation of a rebound off support, such as a bullish candlestick pattern. If the price holds above $1.0056, there could be potential for a short-term recovery towards the resistance zones.

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