🚀 JUP/USDT Breakout Alert: Potential to Test Key Resistance! 🚀

Jupiter (JUP) has shown impressive momentum on the 4-hour chart, breaking past significant support and heading towards a key resistance level. Here’s a quick analysis of what’s happening and what to watch for next:

Key Levels to Watch:

Resistance at $1.2804: This is the primary target if the bullish momentum continues.

mVAH (most recent Value Area High) at $1.0730: This level has been broken, indicating a potential shift in value to higher prices.

High Volume Support at $1.0145: This zone could act as a strong fallback point if the price retraces.

Indicators in Play:

Volume Profile: A high volume area shows support below the current price, suggesting strong buying interest has entered the market.

RSI (Relative Strength Index): Currently at 72.60—in overbought territory—signaling that JUP may face some selling pressure. However, sustained high RSI could also indicate strong upward momentum in the short term.

What’s Next?

With JUP pushing towards the $1.28 resistance, we could see further upside if it breaks and holds above this level. However, with the RSI in overbought territory, a pullback to retest support around the $1.0145 area would be healthy before a more sustainable rally.

📈 Trade Wisely: Look for a clean breakout above resistance, or consider buying the dip near support levels. Always manage risk, as crypto volatility can be high!

💬 Thoughts on JUP’s breakout potential? Drop your comments below!