JUP/USDT Retests Key Support! Bounce Incoming or Breakdown Ahead📉 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.
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📈 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.
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📉 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.
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🎯 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
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🧠 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.
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