Although there are signs of recovery in the short term, it is important to note that prices have yet to show clear signs that the longer-term trend has reversed. An important point to watch is that if $JUP is able to close above the 99-day moving average (MA(99)), then this may be viewed as a confirmation signal that the uptrend is continuing. However, if the price fails to successfully break above this key level, traders should be wary of a possible correction or pullback.
In addition, it is worth noting that the trading volume has not increased significantly, which may be a hint that the current price level may not be sustainable for a long time, so caution should be exercised in operations.
Based on these technical indicators on the chart, traders are advised to adopt a conservative strategy in the short term and pay close attention to whether there is a breakthrough of the resistance level. But please be clear, this does not constitute direct investment advice.
