$JUP /USDT Technical Analysis

Current Price: $0.81 (-4.30%)

$JUP /USDT has seen a significant decline of -4.30% over the past 24 hours, currently trading at $0.81. This sharp drop may indicate short-term selling pressure.

24h High: $0.8658

24h Low: $0.8034

The 24-hour price range indicates a slight bearish trend with the high at $0.8658 and the low at $0.8034. This suggests that JUP/USDT is testing lower support levels after failing to break above recent highs.

Volume:

24h Volume (JUP): 17.09M

24h Volume (USDT): 14.29M

With 17.09 million JUP traded and 14.29 million USDT exchanged, the trading activity remains steady, but the volume suggests limited buying interest in the current market.

Depth Analysis:

0.8690

-0.8658

The market depth data shows resistance around $0.8658, with the price currently under pressure at $0.81. Support levels are forming closer to $0.8034, indicating potential short-term bounce opportunities if the price stays above this level.

Binance Market Data:

0.8232

0.8460

0.8100

0.8034

0.8002

Binance data shows a shift in momentum, with resistance near $0.8460 and support around $0.8034. The current price at $0.81 indicates that the asset is testing lower levels, which could either lead to a deeper retracement or a reversal, depending on market sentiment.

Conclusion:

JUP/USDT is currently experiencing downward pressure, with a key support level at $0.8034. A break below this level could signal further downside, while a bounce off this support may offer buying opportunities. Traders should monitor the $0.8034 support zone closely for potential price action.

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