📉 Complete Technical Analysis:
The JUP/USDT pair is currently showing a critical price action after breaking out from a medium-term descending trendline (yellow diagonal line). However, the price is now retesting a major demand zone around $0.4200–$0.4574.
📌 Pattern Identified:
Descending Trendline Breakout: Price successfully broke above a long-standing bearish trendline.
Retest of Breakout Zone: The current move is a classic retest, often seen before a trend reversal continuation.
Strong Demand Zone: The yellow zone ($0.4200–$0.4574) has historically served as a strong accumulation and bounce area.
---
📈 Bullish Scenario:
If the price holds and bounces from the $0.4200–$0.4574 zone, bullish momentum could resume with upside targets:
Short-term target: $0.6089
Next resistances: $0.7213 – $0.8075
A confirmed higher low above support would strengthen the bullish structure.
---
📉 Bearish Scenario:
If the price breaks down below $0.4200, bearish pressure could return, leading to further downside.
Potential decline toward deeper support levels around $0.35–$0.30.
Breakdown with increasing volume would confirm seller dominance.
---
🎯 Key Levels to Watch:
Support Zone: $0.4200 – $0.4574 (Critical Retest Area)
Immediate Resistance: $0.4883, $0.6089
Major Resistance Levels: $0.7213, $0.8075, $1.1158, up to $1.6576
---
🧠 Conclusion:
JUP/USDT is currently at a crucial decision point. The reaction at this support zone will define whether the breakout holds or fails. Traders should watch this level closely for confirmation of the next major move.
#JUPUSDT #CryptoAnalysis #AltcoinUpdate #TechnicalAnalysis #CryptoBreakout #SupportAndResistance #TradingView #Cryptocurrency #ChartPattern #BullishSetup #BearishCase
The JUP/USDT pair is currently showing a critical price action after breaking out from a medium-term descending trendline (yellow diagonal line). However, the price is now retesting a major demand zone around $0.4200–$0.4574.
📌 Pattern Identified:
Descending Trendline Breakout: Price successfully broke above a long-standing bearish trendline.
Retest of Breakout Zone: The current move is a classic retest, often seen before a trend reversal continuation.
Strong Demand Zone: The yellow zone ($0.4200–$0.4574) has historically served as a strong accumulation and bounce area.
---
📈 Bullish Scenario:
If the price holds and bounces from the $0.4200–$0.4574 zone, bullish momentum could resume with upside targets:
Short-term target: $0.6089
Next resistances: $0.7213 – $0.8075
A confirmed higher low above support would strengthen the bullish structure.
---
📉 Bearish Scenario:
If the price breaks down below $0.4200, bearish pressure could return, leading to further downside.
Potential decline toward deeper support levels around $0.35–$0.30.
Breakdown with increasing volume would confirm seller dominance.
---
🎯 Key Levels to Watch:
Support Zone: $0.4200 – $0.4574 (Critical Retest Area)
Immediate Resistance: $0.4883, $0.6089
Major Resistance Levels: $0.7213, $0.8075, $1.1158, up to $1.6576
---
🧠 Conclusion:
JUP/USDT is currently at a crucial decision point. The reaction at this support zone will define whether the breakout holds or fails. Traders should watch this level closely for confirmation of the next major move.
#JUPUSDT #CryptoAnalysis #AltcoinUpdate #TechnicalAnalysis #CryptoBreakout #SupportAndResistance #TradingView #Cryptocurrency #ChartPattern #BullishSetup #BearishCase
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✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.