JUP price has just retested a key resistance line after surging above $1! 📈 Crypto analyst Rekt Capital suggests that if JUP can hold above the support level, bulls could soar. 🐂

With Solana price soaring above $240 and approaching an all-time high, Rekt Capital says JUP could follow suit. 🚀 The native token of the DEX aggregator is getting attention for its huge potential in the Solana ecosystem.

Rekt Capital notes that JUP managed to retest a previous resistance area (red) and turned it into new support. 🔄 In fact, JUP also made a volatile test below the blue diagonal resistance that has been there for months. If JUP can hold steady here, it could follow SOL! 💪

Previously, the analyst also noted JUP’s bullish weekly close above $1.10 and noted that the price is showing early signs of support. 📊 He said, “JUP needs to form a base in this red area to move above $1.29 (black) to continue the trend going forward.”

JUP briefly rose above $1.30 on November 17, hitting a high last seen in May. 😲 Despite some profit-taking that saw JUP drop to $1.20, market sentiment suggests that a rebound is imminent. JUP is currently above the psychological $1 level, having bounced off a low of $1.04.

If it manages to break through the supply zone, a rally following market momentum could see buyers target the all-time high of $2.00 reached in January 2024. 🎯 However, if JUP is rejected at $1.30, bears could push it past a key support area. 🐻 If it falls below the horizontal support around $0.70, the $0.50 area will be in focus. 😬$JUP #CryptoExplorerFiesta #JupiterJUP #altcoinbullish #Altcoins👀🚀 #Altacoins