📈 JUP’s Bullish Momentum
Jupiter [JUP] surged 36.76% on January 18, with 34% daily gains and a 678% spike in trading volume. The bullish market structure on daily and 4-hour charts signals strong upward momentum, but profit-taking could trigger a retracement toward $1.
🔗 Bulls Target $1.15 Resistance
Over nine months, bulls defended the 78.6% retracement level at $0.76. JUP’s RSI is above neutral 50, showing strong momentum, and the OBV reflects heightened buying pressure. This demand could push JUP past $1.15 and $1.23, with a potential challenge of $1.44 local highs in the coming weeks.
📊 Support and Retracement Levels
On the 4-hour chart, resistance at $0.95 and $0.99 was swiftly overtaken. Momentum remains strong, though oversold, and the OBV shows slight profit-taking. A dip to the $0.95–$1 support zone could provide a buying opportunity for bulls.
📉 Short-Term Dip Risks
Liquidation data suggests a possible liquidity hunt southward. Short-term targets in case of a dip are $1.11 and $1.06. These levels could see increased buying activity, supporting further bullish momentum.
⚠️ Disclaimer
This analysis is for informational purposes and does not constitute financial or trading advice. Always do your research before investing.
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